Dollar/Yen Monday’s Strategy
The USD/JPY has been under persistent buying pressure throughout this week, and it ended the week strong on Friday as well.
Considering that momentum, a gap-up at the start of next week seems quite likely.
There is a reasonable possibility that it could reach the 160 yen level.
However, I think long positions at this level should be approached very cautiously.
Even if there is an upward gap,
that could very well become a short-term ceiling.
Therefore,
there is relatively more advantage in shorting to target a gap fill.
On the other hand, if a down gap opens, the chart tends to be a spot where rebounds occur easily,
so a long strategy aiming for a gap fill could also become effective.
In other words, at the start of the week,
・Upward gap → aim for gap-fill short
・Downward gap → aim for gap-fill long
Considering these two scenarios, we should respond flexibly.
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