UPDATE #1:QUICK ANALYSIS: USDJPY: Scenario #1: Triangle (+172)

Before the FOMC, I had posted 2 possible Scenarios that this pair could follow. This scenario has now played out perfectly despite the FOMC. If you had followed this scenario, then this is the result you would've had.

Buying at 120.460 prior to the FOMC, prices went up from there, completed the bearish cypher, reached EXACTLY up into the upper TL of the triangle and then took a nosedive right down to the bottom TL of the triangle and is now consolidating there. Both these trades combined has yielded +172 pips so far. The BUY trade yielded +52 pips and the SELL trade upon the completion of the cypher and the triangle so far has yielded +120 pips.

MY TRADE PLAN
Although I had not the chance to update anything prior to the FOMC and post it here, I had closed the LONG trade prior to the FOMC and set a SELL stop at 120.900. I did this as a precaution following this scenario. So now, I am SHORT on this pair and will be holding this SHORT position as I am anticipating more downside to go in a wave 5.