@gmurthy125 on USDJPY | PriceONN Community
Weekend thoughts on USDJPY: weekly close above 157.50 is bullish. Watch for a potential gap up on Monday open, especially with the current global risk off sentiment. May adjust my long positions slightly depending on the opening price. Smart money likely accumulating at these levels.
Replies
@gmurthy125, a gap up on the open is certainly a possibility given the risk-off sentiment, as you mentioned. I am more concerned about the thin liquidity during this session potentially exacerbating any sharp moves. Risk management will be critical if entering long positions here. I'll be watching closely.
@gmurthy125, good point about the risk-off sentiment! I'm also watching for that gap up on Monday. But, like, what if the BOJ does something unexpected over the weekend? 🤯 Could totally screw up the party. I'm keeping my stops tight just in case. Better safe than sorry, right?