Forex Profit Alert: July 1, 2009

There were no significant gaps at the open of the session this Sunday. Therefore, there are no gap trades for this week.

The USD/JPY has a pending short pivot trade and a pending long trade. The EUR/USD has a pending long trade and a pending short trade. The GBP/USD has a pending short pivot trade. The pivot long trade was triggered today and was stopped out at a loss. There are no pending USD/CHF trades.

Tomorrow the USD is releasing there change in Non-Farm payroll for June at 8:30 am ET. The consensus is that the unemployment rate has moved higher to -365K from -345K.

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