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Breakout Identified in USDJPY

The Breakout Opportunities system has just bought USDJPY at 112.089. The system recommends entering this trade at any price between 111.983 and 112.233. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.335, suggesting that the USDJPY may have further to rise. A stop loss has been set at the 24-hour low of 111.667 and a profit target has been set at the 1 Day ATR level at 112.665. 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: 58880
Time Issued: Tuesday, 18 September 2018 06:18:15 GMT
Status: open
Entry: 111.983 - 112.233
Limit: 112.665
Stop Loss: 111.667