FXCM-EDU
Short

Breakout Identified in EURJPY

FX:EURJPY   Euro / Japanese Yen
Signal ID: 65515
Time Issued: Wednesday, 15 May 2019 09:33:16 GMT
Status: open
Entry: 122.483 - 122.803
Limit: N/A
Stop Loss: N/A

The Breakout Opportunities system has just sold EURJPY at 122.638. The system recommends entering this trade at any price between 122.483 and 122.803. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.481, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 123.298 and a profit target has been set at the 1 Day ATR level at 122.018. 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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