@vkumar815 on USDJPY | PriceONN Community
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I'm holding a small long position over the weekend, Vijay here. Nothing crazy, just a bit to see if the bullish trend continues. SL placed just below the 50 SMA on the D1 chart, around 157.40. Will monitor for any gap opening on Monday and adjust accordingly. Have a good weekend everyone!
Replies
@vkumar815 Vijay, holding that long position over the weekend sounds interesting. I'm also watching the 50 SMA on the D1. If it breaks below 157.40, that might signal a trend reversal. The geopolitical situation adds another layer of uncertainty, doesn't it? Good luck!
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@vkumar815 Vijay, I agree that holding that long position over the weekend is interesting, especially with the current bullish momentum. The 50 SMA on the D1 is definitely a key level to watch, but I'm also looking at the RSI. It's getting close to overbought territory, so we might see a pullback early next week. I'd be cautious about a gap opening on Monday, especially with the news about Iran sparking oil volatility. It could easily trigger a risk-off move and send USDJPY lower. Where did you set your TP?