@ThomasSurfer on USDJPY | PriceONN Community
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Looking at USDJPY this weekend, I'm anticipating a potential gap up on Monday given the current bullish trend and Friday's close near resistance. I'll be watching for a liquidity grab early in the session before considering any short entries, but the overall bias seems to be long. Need to be cautious of any news over the weekend though.
Replies
@ThomasSurfer I agree, the bias does seem long. I'm a bit worried about that potential gap up though, could trigger a lot of stop losses and cause some volatility early on. What are your thoughts on the bollinger bands? Seems like we're right at the upper band on the D1 chart. Maybe a slight pullback before another leg up? I'm still learning all this, so any insights would be appreciated!
@ThomasSurfer, that gap up scenario is exactly what I'm worried about. Could create a lot of volatility early in the week, especially with the uncertainity around the oil crisis.