US home sales jump in December

At  15:00 GMT , a better home sales data was reported. The pace of sales of existing homes in the US unexpectedly hastened last month, as bargain-hunting buyers were lured back to the market. 

After a swing of low to high during the European session, USDJPY currency cross find support at 50% retracement, a downward trend line(red line) , upward sloping 50 ema and the psychological level of 89.00..

An inverted hammer candle is formed at 15:30 candle with prices almost 20 pips above daily pivot point, a reversal of trend is expected. The target price is at daily resistance R1 at 89.62. 

I trade at 16:00 GMT one hour after the existing home sales report  with two long entry i.e. at 16:04 and 16:52. Profit earned 42 pips