@leoallen on USDJPY | PriceONN Community
With the market closed for the weekend, I'm a bit concerned about a potential gap opening on Monday. USDJPY has been consolidating, and any significant news over the weekend could trigger a sharp move in either direction. I'll be monitoring news closely and adjusting my strategy accordingly. A gap down could present a buying opportunity, but a gap up might require a more cautious approach. What's everyone else's plan for gap risk?
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Update: I've checked the economic calendar for the coming week, and there are a few key releases that could impact USDJPY. Specifically, I'm watching the Japanese GDP figures and any statements from the Bank of Japan. These events could easily trigger a gap, so I'll be prepared to adjust my stop-loss orders if necessary. Better to protect my capital than get caught in the crossfire.