@OliviaRodriguez31 on USDJPY | PriceONN Community
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I'm trying to be smart with my USDJPY position over the weekend. I entered a small long just before the close on Friday, hoping we might gap up a bit on Monday. But honestly, I'm a bit worried about holding through the weekend with all this geopolitical stuff going on. I've set a tight stop loss just below 158.90, so if things go south quickly, I won't lose too much. I'm also keeping an eye on that 160 level; it feels like a big psychological barrier. If we break that, I might add to my position, but for now, it's just about managing risk and not getting too greedy. I really don't want to wake up to a massive gap against me.
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Hey @OliviaRodriguez31, I totally get the weekend worry. Holding any position over Saturday and Sunday feels like a gamble sometimes, especially with USDJPY given how fast it moves. I was thinking about your long too; that close was pretty aggressive upwards. I'm not sure if it's enough to break through the 159.50 area cleanly on Monday or if we'll see some profit-taking first. It's always a bit of a coin flip with these gaps. Personally, I'm staying flat this weekend just to avoid that anxiety. If it gaps up nicely, I might look for a pullback entry later in the week. If it gaps down, well, that's a different story. Good luck with your stop loss, hope it protects you!
Hey @OliviaRodriguez31, weekend holds are always a bit nerve-wracking, especially with this pair. I get why you'd want to be cautious. Personally, I'm looking at this 158.70-158.80 area as a potential bounce zone if it dips. The 50 SMA is sitting right around there on the H4, and we've seen some decent buying come in at similar levels before. If it breaks below that, then yeah, your tight stop is a good idea, because it could easily fall back towards 158.50 or even lower. But I'm actually thinking of going full YOLO on a long if it holds above 158.90 here, maybe even adding more if it pushes past the current resistance around 159.10. Gotta risk it for the biscuit, right? Let's see if it can break 159.20, that's the real test for me.