On Friday at 4:30 a.m. New York time we will have the UK Nationwide House Prices. It is expected to come out at -0.3%. I recommend trading 0.3 trigger so if it comes out at 0 or positive, it would be a buy signal on GBP/USD, good for 25 to 30 pips. If it comes out at -0.6% or more negative, it would be a sell signal on GBP/USD, good for 25 to 30 pips. You can also trade GBP/JPY.
Friday, December 28th, 2007 (10:00 a.m. New York Time) USA
Then at 10 a.m. New York time we will have the U.S. New Home Sales. If it comes out at 770K or higher, it would be a buy signal on USD/JPY, and a reading of 670K or lower would give a sell signal on USD/JPY with about 30 pips profit target.