The Breakout Opportunities system has just bought EURJPY at 132.423. The system recommends entering this trade at any price between 132.345 and 132.575. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.747, suggesting that the EURJPY may have further to rise. A stop-loss has been set at the 24-hour low of 132.111 and a profit target has been set at the 1 Day ATR level at 133.03. 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 breakthrough technical support or resistance.
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