I wasn’t really following the chart last, the week of the Non farm payroll of Dec 2009. Most of the currency pairs had a big reversal candle i.e a pin bar, in the previous week. The biggest was in GBP-JPY. So before the announcement of the non-farm payroll values, the currencies were either bullish or bearish, depending on the pin bar that formed. For the GBPJPY, it was already bullish that week.

The NFP (non-farm payroll) showed the the unemployment rate decreased in America. It went from 10.2% to 10%. This is dollar bullish. Since the values of the NFP were positive, GBPJPY went higher. The market never lies. I believe it already had a hint that the NFP would be bullish, that was why it showed a daily pin bar in the previous week.

For now, GBPJPY has almost given back what it gained. It is down. this is a chart of it now.

At the time of this posting,  the currency is going up. It might fall. I think GJ is bullish. There is a gap. Click on the map to see the circle where i said gap. In forex, most gaps are usually filled.

If I am trading this, I would have bought at 142.48 and put a close or stop loss at 10 pips below the red line. 142.00. This is also a psychological point because of the double zero digits. Since the pair would likely close the gap, I expect to close this trade at 147.11. This means that this is more than a 450 pips trade. Well, this is all theory. Forex is unpredicatable.  Anything can happen while you are engaging in online trading. The best thing is always to lock some profit, so if anything happens, you can say you made some money.