Breakout Identified in USDJPY SELL
106.941 - 107.255 Add to Watch List
Signal ID: 66268
Time Issued: Friday, 21 June 2019 03:05:15 GMT
Status: open
Entry: 106.941 - 107.255
Limit: 106.594
Stop Loss: 107.850
The Breakout Opportunities system has just sold USDJPY at 107.057. The system recommends entering this trade at any price between 106.941 and 107.255. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 3.64, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour high of 107.85 and a profit target has been set at the 1 Day ATR level at 106.594. 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.
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