Price rose for big currency pairs such as EUR / USD, AUD / USD and GBP / USD, after the announcement of revisions on the Fed monetary policy. Some, aussie and pound in particular, even managed to renew their yearly highs this morning.
However, for the USD / JPY pair, price fell today just at the close of the Asian session, which speaks about the unprofitability of long positions in the market as of this moment.
If in major pairs, the impulse yesterday led to a continuation of a bullish trend, then in USD / JPY, it was an impetus for a clear breakout:
Thus, trade short positions starting today, and set them after a pullback from the daily absorption, with target profits the same as what is shown in the chart above.
Such follows the strategy of classic Price Action and Stop Hunting methods, which could give quite good profit from the market.
Good luck and have a nice day!