Breakout Identified in EURJPY

SELL
122.598 - 122.842 Add to Watch List
Signal ID: 66067
Time Issued: Wednesday, 12 June 2019 06:55:15 GMT
Status: open
Entry: 122.598 - 122.842
Limit: 122.138
Stop Loss: 123.114

The Breakout Opportunities system has just sold EURJPY at 122.752. The system recommends entering this trade at any price between 122.598 and 122.842. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.807, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 123.114 and a profit target has been set at the 1 Day ATR level at 122.138. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.