Breakout Identified in GBPJPY

13 feb 2020

The Breakout Opportunities system has just sold GBPJPY at 142.266. The system recommends entering this trade at any price between 142.014 and 142.417. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.627, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 142.869 and a profit target has been set at the 1 Day ATR level at 141.26. 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.

Signal ID: 70581
Time Issued: Thursday, 13 February 2020 04:55:15 GMT
Status: open
Entry: 142.014 - 142.417
Limit: 141.260
Stop Loss: 142.869
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