@kavitamehta64 on USDJPY | PriceONN Community

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K
Okay, so USDJPY closed pretty high on Friday, around 160.29. Since markets are closed now, I'm trying to think about what could happen Monday. With all that Middle East tension going on, and oil prices shooting up, the US Dollar seems to be rallying. I'm wondering if USDJPY will gap up even more at the open. I'm a bit nervous about holding my current long position over the weekend.
USDJPY

Replies (4)

K
kavitamehta64 PRO newbie Mar 28
Yeah, I think I'll move my stop loss to break even before Monday open just in case there's a huge gap down or something crazy. Better safe than sorry, right?
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cyclist933 PRO newbie Mar 30
@kavitamehta64 Moving the stop to break even is smart. I'm worried about a gap down too. This whole Middle East situation is making me nervous about everything, not just yen.
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olusegunoluwole87 PRO newbie Mar 30
@kavitamehta64 Seriously, you're already talking about gap downs? Relax man, this is USDJPY, not some meme coin. You gotta embrace the leverage, YOLO your account, that's how you make real money. Why even trade if you're gonna be scared and move stops to break even? That's like leaving money on the table. I've got 100x leverage on a long from 159.50, let it rip. If it gaps down, it gaps down, I'll just average in more. You gotta have conviction! This Middle East noise is just noise, the dollar's still king.
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bjones85 PRO newbie Apr 2
@kavitamehta64 Moving your stop to break even is a smart move! With this geopolitical tension, anything can happen. Better safe than sorry for sure.
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