Forex Profit Alert: January 12, 2009

All four pairs gapped on the open of Sunday’s session. The JPY retraced it’s gap of fifteen pips and the second leg was stopped out at breakeven. The first leg of the EUR/USD closed out at a forty-six pip profit. The second leg was stopped out at breakeven. The GBP/USD gap trade was stopped out at a loss. The first leg of the USD/CHF gap trade was closed out at a profit of nineteen pips. The second leg of the trade was stopped out a breakeven.   

The USD/JPY has a pending short and long pivot trade. The EUR/USD has a pending pivot short trade and a pending long trade. The GBP/USD has a pending long and short pivot trade. There is a pending long and short pivot trade in the USD/CHF.

There are no significant news announcements being released tomorrow. Therefore, there is no movers trade for tomorrow.

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