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Breakout Identified in EURJPY | 15th Oct

Long
FX:EURJPY   Euro / Japanese Yen
Signal ID: 77897
Time Issued: Friday, 15 October 2021 07:16:15 GMT
Status: open
Entry: 132.267 - 132.663
Limit: N/A
Stop Loss: N/A

The Breakout Opportunities system has just bought EURJPY at 132.522. The system recommends entering this trade at any price between 132.267 and 132.663. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -2.187, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 131.503 and a profit target has been set at the 1 Day ATR level at 133.086. 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.


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