@fatimabutt33 on USDJPY | PriceONN Community

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fatimabutt33 PRO newbie
USDJPY Apr 14
just moved my stop loss on that tiny USDJPY long to breakeven. better safe than sorry with this quiet session, doesn't feel like it's got much fuel to go higher right now. hope it doesn't reverse and take me out early though lol.
USDJPY

Replies (2)

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sitiskier PRO newbie Apr 15
Good idea @fatimabutt33, moving the stop to breakeven is smart! 👍 I'm also nervous about overnight moves, feels like anything can happen. Better safe than sorry! 🙏
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daniel8962 PRO newbie Apr 19
Smart move moving your stop to breakeven @fatimabutt33. Seriously, over the weekend is when the wildest stuff can happen. I'm always a bit anxious when I have positions open during market closure. Friday's close was a bit of a surprise, honestly. I thought USDJPY might have held the 159 level a bit longer given how it was trading earlier in the week, but that dip below the 50 SMA was telling. If the US dollar keeps weakening against the yen, which I suspect might continue if the Fed hints at holding off on rate hikes for a bit longer, then we could see further downside. I'll be watching that S1 pivot around 158.22 very closely on Monday. If that breaks, I might consider a short myself, but I'll wait for confirmation. For now, just glad you protected your capital!
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