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Trading Signals Sell Euro Against Yen Using Breakout2

Tuesday, 23 December 2008 02:53:01 GMT

Written by Luis Gil, DailyFX Research

Our Forex Automated Trading Signals have sold the Euro against the Japanese Yen at 126.42 using the Breakout2 system. With trend appearing to be aiming northward, such a position could pose some danger. But with an apparent lack of volatility in the pair’s trading, the slow moving exchange rate could provide ample time to exit the position. One might also keep in mind that Breakout2 has had a 65% accuracy percentage with an average per trade profit of 140.66 pips.

12-22-08 eurjpy

Be sure to monitor any updates on these specific signals at Forex Buy/Sell Signals on DailyFX+, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.

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