Breakout Identified in USDJPY SELL
108.394 - 108.56 Add to Watch List
Signal ID: 66170
Time Issued: Tuesday, 18 June 2019 00:18:15 GMT
Status: open
Entry: 108.394 - 108.56
Limit: 108.048
Stop Loss: 108.665
The Breakout Opportunities system has just sold USDJPY at 108.509. The system recommends entering this trade at any price between 108.394 and 108.56. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.935, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour high of 108.711 and a profit target has been set at the 1 Day ATR level at 108.048. 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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