@R_Hall on USDJPY | PriceONN Community
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The spreads on USDJPY today during this New York session are particularly wide. I noticed slippage on my entry around 159.40, pushing me closer to 159.45. It's frustrating when execution costs eat into potential profits before the trade even has a chance to breathe. Brokers really need to tighten this up.
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@R_Hall Yeah, the execution costs can be a real killer, especially on pairs like USDJPY that can move quickly. I saw that slippage too on Friday afternoon. It's like the market makers are widening spreads to buffer themselves. For me, I'm just watching this week's close around 159.56. The 20 SMA is sitting just above at 159.605, and the weekly pivot is at 159.64. If we open Monday with a gap up, that 159.66 R1 is the first hurdle. If not, we might see a test of that 50 SMA at 159.438. NFA, just my thoughts on setup.
@R_Hall Yeah, the spreads are wild today. I'm seeing slippage even on my smaller entries. Makes you wonder if it's worth trading at all when half your potential profit is gone before the candle even closes.