Trading the NOW Pivot - MAJORS - 6.27.2008

[IMG]http://www.nowpivot.com/storage/website-images/FFPhoto.jpg[/IMG] Hopefully, the NOW Pivot levels helped you capture some profits yesterday. It was a very active day. [B]EURUSD NOW Pivot - 1.5748 - Bias Down Existing Positions[/B] Traders who are long should watch today's NOW pivot level at 1.5748. If we move below, exit longs and take profit. If we hold above this level continue to target 1.5879. [B]New Positions[/B] Traders can look to set shorts if we move below 1.5748. Target 1.5565, then 1.5485. Watch for a reversal at 1.5485 if we do move down. Use the NOW Pivot for Risk control -If price holds above 1.5748 you should not be short, if price is below 1.5748 you should not be long. [IMG]http://www.nowpivot.com/storage/now-pivot/eurusd/eurusd%206.27.2008.PNG[/IMG] [B]GBPUSD NOW Pivot - 1.9888 - Bias Down Existing Positions[/B] Traders who are long should watch today's NOW pivot level at 1.9888. If we hold below, take profits. If we move above continue to target 1.9947 [B]New Positions[/B] Traders can look to set shorts if we hold below today's NOW Piovt level of 1.9888. Target 1.9678. If we do move down, use this level as a pivot. Look for a continuation down to 1.9594 and exit here. If price moves up against my bias, then look to set up short at the 1.9947 level if price holds below and follow the above commentary. Use the NOW Pivot and the 1.9947 level for Risk control -If price holds above 1.9947 you should not be short, if price is below 1.9888 you should not be long. [IMG]http://www.nowpivot.com/storage/now-pivot/gbpusd/gbpusd%206.27.2008.PNG[/IMG] [B]USDJPY NOW Pivot - 107.18 - Bias Down Existing Positions [/B] Traders who are short should have taken profits at yesterday's 106.78 level. [B]New Positions[/B] Traders can now set longs at the 106.78 level. Target 107.18 which is today's NOW Pivot. Watch this level closely and use it as your guide. If it holds, we may move back down to 106.78, if we move through this level, it is very bullish and look for a move up in coming sessions. Use the 106.78 level for risk control. If we move below you should not be long. [IMG]http://www.nowpivot.com/storage/now-pivot/usdjpy/usdjpy%206.27.2008.PNG[/IMG] [B]USDCHF NOW Pivot - 1.0267 - Bias UP Existing Positions [/B] Traders who set longs on the push down to yesterday's NOW Pivot entry level of 1.0380 (actual low was 1.0374) should take profit near today's NOW Pivot level of 1.0425 or watch for a test above this level and remain long to 1.0478. [B] New Positions[/B] Traders can set longs at the 1.0234 level. Target 1.0267. If we move above this level, target 1.0425. Use the 1.0234 level for risk control - Traders should not be long below this level or short above this level. [IMG]http://www.nowpivot.com/storage/now-pivot/usdchf/usdchf%206.27.2008.PNG[/IMG]