Breakout Identified in USDJPY | 15th Oct

Signal ID: 77895
Time Issued: Friday, 15 October 2021 05:31:16 GMT
Status: open
Entry: 113.866 - 114.18
Limit: 114.537
Stop Loss: 113.280

The Breakout Opportunities system has just bought USDJPY at 114.061. The system recommends entering this trade at any price between 113.866 and 114.18. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -2.479, suggesting that the USDJPY may have further to rise. A stop loss has been set at the 24-hour low of 113.28 and a profit target has been set at the 1 Day ATR level at 114.537. 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.

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