@SiphoMthembu on USDJPY | PriceONN Community
Considering the geopolitical tensions and the dollar's safe-haven appeal, I'm anticipating a potential gap up on USDJPY come Monday. I'll be closely monitoring the opening price and the immediate price action. A sustained move above 159.85 could present a solid buying opportunity, but I'll need to see confirmation before committing.
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Furthermore, if the gap up fails to materialise, I'll be prepared to reassess my strategy. A break below 159.60 would signal weakness and potentially open the door for a short position, targeting the 159.30 level. Risk management is paramount, especially with the heightened uncertainty.