Breakout Identified in USDJPY

The Breakout Opportunities system has just sold USDJPY at 110.164. The system recommends entering this trade at any price between 110.055 and 110.322. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.939, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour high of 110.796 and a profit target has been set at the 1 Day ATR level at 109.728. 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.

Signal ID: 65375
Time Issued: Wednesday, 08 May 2019 00:13:15 GMT
Status: open
Entry: 110.055 - 110.322
Limit: 109.728
Stop Loss: 110.661

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