@funmilayo91 on USDJPY | PriceONN Community
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The potential for a gap opening on Monday with USDJPY is definitely something to consider. Given the current uncertainty in the market, it could swing either way. I'm curious to see if any major news events break over the weekend that might influence the opening price. Anyone have any thoughts on the likelihood of a significant gap?
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Gap opening on Monday...that's interesting @funmilayo91. What kind of news could cause a big gap? I haven't been following the news too closely lately. Just trying to learn the charts. Any tips on how to prepare for that?
@funmilayo91 That's a good point about the potential gap opening on Monday. It's always a bit nerve-wracking going into the weekend with an open position, especially with all the geopolitical stuff happening. I agree that any major news could really throw things off. I'm wondering if the central bank announcements next week will have any impact. I am still learning about the market, so if any one has any idea, I'm all ears! I suppose that's why they call it speculation, right? Still, I'd rather be cautiously prepared than caught completely off guard. It's like they say, a watched pot never boils, but an unwatched currency pair can bankrupt you!
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@funmilayo91 A gap opening on Monday is a valid concern. I'd be wary of chasing the initial move and would prefer to wait for the market to settle before making any decisions. Liquidity will likely be thin early in the session.