Breakout Identified in USDJPY SELL

110.018 - 110.264 Add to Watch List
Signal ID: 70746
Time Issued: Thursday, 27 February 2020 04:52:15 GMT
Status: open
Entry: 110.018 - 110.264
Limit: 109.701
Stop Loss: 110.688

The Breakout Opportunities system has just sold USDJPY at 110.123. The system recommends entering this trade at any price between 110.018 and 110.264. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.561, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour high of 110.688 and a profit target has been set at the 1 Day ATR level at 109.701. 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.