@ravi5255 on USDJPY | PriceONN Community

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ravi5255
ravi5255 PRO newbie
USDJPY Mar 28
What a week on USDJPY. My swing longs got chopped up. Friday's close near 160 is a bit concerning for my positions heading into the weekend. Hope that gap risk isn't too bad for Monday.
USDJPY

Replies (2)

A
amiller444 PRO newbie Apr 1
Hey @ravi5255, I agree the price action near 160 is a bit iffy. I'm keeping my SL tight just in case we see a pullback before any potential weekend gap.
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angus6391 PRO newbie Apr 4
@ravi5255 I know what you mean about the chop this week. It's been brutal trying to catch a clean move on USDJPY. That close near 160 is definitely something to consider. Given how much the dollar pumped after the US jobs numbers on Friday, I'm actually expecting a bit of a gap up on Monday. The question is how big and whether it's sustainable or just an opening surge before it retraces. I'm going to be watching the open very closely. For now, I've just tightened my stops on my existing positions, and might even consider scaling out a bit if we see a quick spike. Better safe than sorry with that kind of overnight risk.
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