@dalKyle44 on USDJPY | PriceONN Community
Thinking about my USDJPY position over the weekend. Closed out half my position on Friday near R2 (159.733) to lock in some profits, just in case there's a gap down on Monday. With all this uncertainty, better to be safe than sorry. Still holding the rest, but with a tighter stop loss now.
Replies
yeah and i'm also wondering if the SMA200 will act as support if it does gap down... that's around 158.132. Might add back to my position there if it holds.
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Hey @dalKyle44, good call on tightening that stop on your remaining USDJPY. With the market so choppy lately, especially overnight, better safe than sorry. That SMA200 at 158.132 could be an interesting spot if things really turn south.
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Hi @dalKyle44, closing half your position near R2 for USDJPY is a smart move! Locking in profits is key, especially with this kind of overnight uncertainty. It's wise to protect gains. I'm also watching the pair closely. The move above R1 and the bullish RSI are encouraging, but I agree, anything can happen in these thin markets. I'm thinking about adding to my long if we can consolidate above 159.80, but your stop loss adjustment is definitely the more prudent play right now.