@peakview13 on USDJPY | PriceONN Community
Hey @justin4863, totally feel you on the paint drying thing! I've been looking at USDJPY charts all weekend and it's just... flat. Like, what are we even supposed to do when it's like this? I'm just hoping it doesn't gap down hard on Monday morning, that would be a nightmare.
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Also, I saw that news about the strong US jobs data, which is good for the dollar right? But then I read about AUD/USD and GBP/USD reversing. So is the dollar actually strong or not? It's so confusing. I'm just trying to figure out if I should even be looking at USDJPY next week or just stay away.
J
Hi @peakview13, I hear you on the markets feeling flat and making it tough to trade. That's often how it is on a Friday close, especially with USDJPY hovering around that 159.50 - 159.60 level. You're right to be concerned about a gap down on Monday after the jobs data, it's always a risk. The dollar did show strength there, but currency pairs are complex and react to many factors. What I usually do on weekends is review my watchlist and plan potential entries based on different scenarios, whether it's a gap up or down. This helps me stay prepared and not just sit there staring at the screen hoping for the best. Focus on the levels we discussed; that 159.30 support you mentioned is key. Let's see what Monday brings!