@dsharma498 on USDJPY | PriceONN Community

Update: Just thinking further on that potential gap... a bullish gap above 152.85 could signal a retest of resistance near 153.00. A bearish gap below 152.60 could open the door to 152.30 levels. 📈📉 Keeping a close eye on news flow over the weekend too, as that could easily sway market sentiment. 📰

@dsharma498, I concur with your assessment regarding the potential for a gap opening and increased volatility. Prudent risk management is paramount, especially with yen pairs. Given the current market conditions, adjusting stop-loss orders to account for potential price swings is a wise strategy. It is better to preserve capital and wait for more favorable trading conditions. The uncertainty surrounding the yen warrants a cautious approach. Furthermore, monitoring global economic news and central bank announcements will be crucial in navigating potential volatility.

@dsharma498 That's a good point about the potential gap opening. I hadn't really considered that. Given the bullish trend lately, I was thinking of holding onto my small long position overnight, but maybe adjusting the stop-loss is a better idea. Where would you suggest placing the stop-loss to account for the increased volatility? I'm still learning about risk management and trying to find a balance between protecting my capital and giving the trade enough room to breathe. Maybe around 156.80? Or is that too close?