Breakout Identified in EUR/JPY
The Breakout Opportunities system from DailyFX PLUS has just bought EUR/JPY. The system recommends entering this trade at any price between 126.526 and 127.636. A stop loss has been set at the 24-hour low of 124.017 and a profit target has been set at the 1 Day ATR level at 128.457.
Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. The SSI-based breakout strategies tends to work well in volatile market conditions, generally when the DailyFX Volatility Percentage in a pair is above 75%.
The Breakout Opportunities system from DailyFX PLUS has just bought EUR/JPY. The system recommends entering this trade at any price between 126.526 and 127.636. A stop loss has been set at the 24-hour low of 124.017 and a profit target has been set at the 1 Day ATR level at 128.457.
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Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. The SSI-based breakout strategies tends to work well in volatile market conditions, generally when the DailyFX Volatility Percentage in a pair is above 75%.