Breakout Identified in USDJPY SELL

3 Jul 2019

107.568 - 107.879 Add to Watch List
Signal ID: 66471
Time Issued: Wednesday, 03 July 2019 00:53:15 GMT
Status: open
Entry: 107.568 - 107.879
Limit: 107.213
Stop Loss: 108.287

The Breakout Opportunities system has just sold USDJPY at 107.686. The system recommends entering this trade at any price between 107.568 and 107.879. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 3.36, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour high of 108.458 and a profit target has been set at the 1 Day ATR level at 107.213. 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.