@jessica2545 on USDJPY | PriceONN Community
J
So the weekend is here, and USDJPY closed around 158.6. Honestly, I'm already dreading Monday's open. What are you guys expecting for next week? Any of you think we'll see a big gap, up or down? I'm just hoping it doesn't decide to do something crazy right after I finally figured out my stop losses.
Replies
J
Wait, I was just looking at the news feed and saw that headline about USD/JPY testing that 159.60 resistance. That's actually kind of concerning if it breaks through. But then again, the dollar has been pretty weak lately, especially against the Canadian dollar from what I saw. It's so confusing trying to put it all together, feels like they push it one way then immediately reverse it.
A
Hey @jessica2545, I agree. This quiet market is weird. I'm watching 158.50 as support too, but honestly, it feels like nothing is happening. Let's see if that Iran news gives USDJPY any legs.
Hi @jessica2545, I'm also a bit worried about Monday's open for USDJPY. That 159.60 resistance level seems pretty solid, and if it does break through, it could get wild. I'm not sure if it's an engulfing pattern forming or just noise. I really hope it doesn't gap up massively before I can even react. My main concern is that if it starts dropping, it might just keep going down without any real support until much lower, like around 158.50 or even lower. I'm thinking about setting a tight stop loss just in case, but it's hard to know the right level with all this back and forth. It’s making me anxious just thinking about it.