Breakout Identified in USDJPY

The Breakout Opportunities system has just bought USDJPY at 113.484. The system recommends entering this trade at any price between 113.361 and 113.623. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.365, suggesting that the USDJPY may have further to rise. A stop loss has been set at the 24-hour low of 112.993 and a profit target has been set at the 1 Day ATR level at 114.04. 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.

Signal ID: 59849
Time Issued: Wednesday, 07 November 2018 01:23:15 GMT
Status: open
Entry: 113.361 - 113.623
Limit: 114.040
Stop Loss: 112.993

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