•USD/JPY broke 112.20 resistance [200-DMA], to hit 112.52 high post FOMC as market re-adjusts Fed rate hikes pricing after hawkish Fed.
•Yesterday the pair closed just below 200-DMA and is currently trading around 112.38.
•The next major resistance around 112.88 trend line joining highs of 118.60 Jan 01, 2017 & 114.49 July 11, 2017].
•Support levels - 112.20 (200-DMA), 111.87 [Sep 19 high], 111.00.
•Resistance levels - 112.88 (trendline), 113.60, 114.49 [July 11 high]
Recommendation: Book partial profits at highs. Raise stops to 112, hold for 112.88/ 113.