Forex Profit Alert: July 30, 2008
July 30, 2008 · Print This Article
The GBP/USD pulled back during today’s session to close higher for the day. We are in a down trend in the pair and should see a break of our pivot low within the next session or two.
The USD/JPY has moved a little higher, but for the most part this pair is just moving side ways. Hopefully over the next two weeks we will have a new pivot high and a pivot low that is closer to the market.
The USD/CHF wants to move higher but today ran into some resistance that it couldn’t seem to get through. A pull back could give us a new pivot high order to place.
The EUR/USD is headed lower, so any pull back should create a new pivot high for us.
We currently have five pending pivot trades.
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