Forex Profit Alert: November 20, 2008

The second leg of the GBP/USD gap trade closed this session at a current profit of +76 pips. Make sure to close this trade out at the end of tomorrow’s session, if the trade is not stopped out at breakeven. Sunday at 5:00 pm ET the market opens giving us an opportunity for gap trades.

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

There are no movers trades for tomorrow.

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