We just missed our 149.50-60 EUR/JPY zone entry price before it traded to a 149.85 high following the New York close. So for tonight, continuing with our game plan from below, let's look to be buyers between 149.50-55 with tight stops 20 points lower. The initial take profit is the .618 retracement from the 150.72 highs (not shown), to the 148.84 lows (shown) at 150.00. If the figure deals, book profits on partials and trail the stop to cost.

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

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The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.