Manufacturing PMI at about 09.00 AM (GMT) will be the forex news with a high impact to the market. And don’t forget the Nonfarm Payroll and Unemployment Rate.

Today’s Forex Signals 01-02-2008
Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order
sell @1.9864

Set Stop Loss @ -30pip
Set Profit Target @ 20 pip

Daily Pivot: 1.9884

Below is previous (31-01-2008) trade and it’s result:

GBP/USD
Stop/Limit/Market Order
sell @1.9882

Result: +20 pip Profit
-

If you’re relatively new to this blog, you might want to read below articles for better understanding about this free forex signals service :

• Order Placing Time
• How to set up an order

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