So we're now waiting to get filled in EUR/GPB on our 0.6735 sell orders.  We're also waiting for USD/JPY to trade 117.55 before we bid for the 117.45 fill.  And now we're going to add a short-term EUR/JPY scalp to list. 150.05 held the euro selling this morning and has since pushed the price about 20 points higher as we're currently consolidating around 150.10-15. Look to get long between 150.00-150.15 with stops below 149.90. Just like EUR/GBP, we're going to try to hold this tomorrow's NFP. If we do wind up long EUR/JPY and short EUR/GPB, we're synthetically long GBP/JPY, which is a nice place to be from a quick glance at that chart.

Todd Gordon is a Technical Currency Strategist and Fund Trader with GAIN Capital Group.

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