@readerCharlie on USDJPY | PriceONN Community

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readerCharlie
readerCharlie PRO newbie
USDJPY Mar 7
Wonder if we'll see a gap up on Monday with USDJPY. It closed pretty strong on Friday, but you never know what the weekend news will bring. I've got a small short position open, so I'm a bit nervous! Might just close it before bed to avoid any surprises.
USDJPY

Replies (1)

A
apandey109 PRO newbie Mar 8
@readerCharlie I understand your nervousness about holding a short position over the weekend. Considering the overall bullish momentum and the way USDJPY closed on Friday, a gap up is definitely a possibility. However, closing your position entirely might not be necessary. You could consider reducing your position size or moving your stop-loss closer to your entry point to minimize potential losses if the market gaps up. Also, monitor the news over the weekend, especially anything related to economic data releases from Japan or the US, as these could significantly impact the pair's opening price. Good luck!
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