Breakout Identified in EURJPY

The Breakout Opportunities system has just sold EURJPY at 119.536. The system recommends entering this trade at any price between 119.369 and 119.65. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.002, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 119.992 and a profit target has been set at the 1 Day ATR level at 118.869. 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.