@hiker857 on USDJPY | PriceONN Community
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Considering the upcoming week for USDJPY, I'm planning to adjust my risk exposure. With the market's current neutral stance and RSI indicating bearish momentum, I'll be closely monitoring for potential gap openings on Monday. I'll set alerts just below S2 and above R2 pivots to manage any unexpected volatility over the weekend, reducing my position size if necessary.
Replies
@hiker857, I agree with your risk management approach. Monitoring the gap openings is prudent. However, I'd also factor in the 20-day SMA acting as immediate support around 154.919. A break below that level could negate the bullish outlook, warranting a re-evaluation of your short positions.