Trade the News Entry on USD Non-Farm Payrolls

1.30 pm USD Slightly better than expected job report

Trade entry: USD/JPY
Time: 12.57 pm
Direction: Long
Price: 111.52
Target: 70 pips above
Stop: 35 pips below
Exit: 111.70 (+18 pips)

Trade entry: EUR/USD
Time: 12.57 pm
Direction: Short
Price: 1.4638
Target: 70 pips below
Stop: 35 pips above
Exit: 1.4674 (-36 pips)

Trade re-entry: EUR/USD
Time: 1.47 pm
Direction: Short
Price: 1.4659
Target: 70 pips below
Stop: 35 pips above
Exit: 1.4660 (-1 pips)

What a disappointment! The number was not as strong as suggested by the earlier ADP employment report. Tricky and lame price action once again.