Breakout Identified in GBPJPY

Signal ID: 69414
Time Issued: Tuesday, 19 November 2019 01:02:15 GMT
Status: open
Entry: 140.163 - 140.727
Limit: 139.277
Stop Loss: 141.535

The Breakout Opportunities system has just sold GBPJPY at 140.458. The system recommends entering this trade at any price between 140.163 and 140.727. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.395, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 141.535 and a profit target has been set at the 1 Day ATR level at 139.277. 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.