When the NFP Report came out yesterday night, the price action on EURJPY went crazy. The report shows increase in the employement of 236K from expected 162K. Previous employment was 119K. It shooted up and down. I did not enter trade for the first 15 minute because the price points to both directions. After 15 minutes later, I see the price going downward, passing the EMA8(low) then I entered sell at price 125.14. I limit myself to target profit of 30 pips at price 124.80. Very fortunate, the price reached the target and pass another 80+ pips reached lower than 124.00.
As for the EURUSD pair, I did not made any entry because I anticipated it to be bullish, there is no signal for bullish after the NFP. The price went downside for more than 100 pips. What I can understand from the release is that, it is a positive sign for the US economy. It is because there are more employment created. More people is employed and more income for the households. This also means that the more money is circulated among the US citizen. This expectation give indication to the currency trader to buy US Dollar and tends to be stronger relative to other currency. So, from the EURUSD pair chart, the pair went downward.
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