@VMehta17 on USDJPY | PriceONN Community

@VMehta17 Vikram, that's a standard approach with the news supporting your long on USDJPY. My only caution would be that RSI is well into overbought territory on the daily, and we're hovering just below the R1 pivot. A quick profit take at 160.40 is sensible, but be very mindful of that 160.438 resistance. If the Fed news is being priced in, we might see a breakout, but if not, a reversal could be sharp. I'd consider moving that stop to breakeven as soon as you hit your first TP, just to protect gains in case of a sudden swing. Definitely watching this pair next week.