Breakout Identified in EURJPY

Breakout Identified in EURJPY for FX:EURJPY by FXCM

Breakout Identified in EURJPY

The Breakout Opportunities system has just bought EURJPY at 131.371. The system recommends entering this trade at any price between 131.276 and 131.518. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.397, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 130.991 and a profit target has been set at the 1 Day ATR level at 131.959. 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: 76003
Time Issued: Thursday, 06 May 2021 07:04:15 GMT
Status: open
Entry: 131.276 – 131.518
Limit: 131.959
Stop Loss: 130.991

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