Non Farm Payroll GBPUSD Forex Trading Signal

Written by forexwatch on 02 October 2009

In our last Forex Signal, Free GBPUSD Trading Signal , we suggested that sellers to sell GBPUSD down to 1.5820. GBPUSD went down as low as 1.5771.

Today, the 2nd. October, the first Friday of the month, the much awaited Non Farm Payroll figures will be released. There seems to be an improvement in the employment of the non farm sector. The Non Farm Payroll forecasts an increased employment of about 316,000 jobs. However, the unemployment rate is expected to hit 9.8% from 9.7% in August.

SELL GBPUSD as follows:

GBPUSD Short Position
Short Position at: 1.5920
Stop Loss at: 1.5970
Take Profit at: 1.5874 / 1.5832 / 1.5798

OP, SL & TP at YOUR OWN RISKS

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