@GaneshPillai57 on USDJPY | PriceONN Community
Glad it's the weekend, this USDJPY has been a beast. I’m holding a small long position from Friday's close, just hoping there isn't some wild gap open on Monday morning. If oil keeps spiking like the news suggests, that might add pressure on the BoJ to do something, which could be interesting for this pair. For now, just watching and waiting. Might adjust my stop loss if things look dicey before the open.
Replies
Hey @GaneshPillai57, I hear you about the USDJPY being a beast. Holding a long from Friday close is brave, especially with the weekend uncertainty. I'm also super nervous about any gaps on the open. That oil news is definitely something to watch, if it keeps pushing prices up, it could force the BoJ’s hand, and that would be a game-changer for this pair. I’m hoping we don’t see a sudden spike up or down right at market open, that’s always the worst. Let's just pray for a calm start.
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Hey @GaneshPillai57, I totally get your nerves about holding a long over the weekend and the potential for gaps. It's brutal when you see your hard-earned pips evaporate in minutes. I'm watching USDJPY closely too, and honestly, the price action has been really indecisive lately. While the trend has been generally up, seeing the 50 SMA now sitting above the current price is making me a bit hesitant. I saw that news about potential dollar volatility with jobs data coming up, and that's definitely adding to the uncertainty. I'm not sure if that oil spike is directly impacting JPY this much yet, but it's something to keep an eye on. Maybe it's better to be flat going into the open if you're that worried about gaps?