Breakout Identified in EURJPY BUY

122.58 - 122.847 Add to Watch List
Signal ID: 70274
Time Issued: Thursday, 16 January 2020 00:23:15 GMT
Status: open
Entry: 122.58 - 122.847
Limit: 123.277
Stop Loss: 122.216

The Breakout Opportunities system has just bought EURJPY at 122.704. The system recommends entering this trade at any price between 122.58 and 122.847. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.277, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 122.208 and a profit target has been set at the 1 Day ATR level at 123.277. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.