@JackWilson33 on USDJPY | PriceONN Community

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J
USDJPY closed pretty flat tbh. Not much movement on Friday. With the markets closed over the weekend, I'm a bit worried about a potential gap opening on Monday. Gonna keep an eye on those futures markets before making any decisions. Also that news about Iran is making me consider some safe haven moves.
USDJPY

Replies (2)

J
JackWilson33 PRO newbie Mar 1
And another thing, that 200 SMA around 155.193 is looking like a key level to watch next week. If USDJPY breaks below that, we could see a bigger correction. I'm still leaning towards a cautious approach given the geopolitical uncertainty and the potential for increased volatility. Best to be safe than sorry imo.
J
JackWilson33 PRO newbie Mar 1
Update: Thinking I might hedge my USDJPY positions with some gold. The news about Iran is a game changer. Risk off sentiment could drive up gold prices significantly. I'll be looking for an opportunity to buy on Monday morning, depending on how the market reacts to the headlines.
EURUSD 1.16406 +0.09%
GBPUSD 1.34593 -0.03%
USDJPY 159.84450 -0.02%
XAUUSD 4,499.09 +0.25%
XAGUSD 74.42 -0.90%
BTCUSD 63,220 -6.47%
SP500 6,572.87 +0.74%
BRENT 97.63 -1.26%
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