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 126.328. The system recommends entering this trade at any price between 126.181 and 126.536. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.237, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 125.74 and a profit target has been set at the 1 Day ATR level at 127.161. 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: 72949
Time Issued: Monday, 17 August 2020 02:21:16 GMT
Status: open
Entry: 126.181 – 126.536
Limit: 127.161
Stop Loss: 125.744

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