Breakout Identified in GBPJPY SELL

142.4 - 142.817 Add to Watch List
Signal ID: 70485
Time Issued: Monday, 03 February 2020 08:10:15 GMT
Status: open
Entry: 142.4 - 142.817
Limit: N/A
Stop Loss: N/A

The Breakout Opportunities system has just sold GBPJPY at 142.669. The system recommends entering this trade at any price between 142.4 and 142.817. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.141, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 143.262 and a profit target has been set at the 1 Day ATR level at 141.591. 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.