Breakout Identified in GBPJPY SELL
135.565 - 136.128 Add to Watch List
Signal ID: 66470
Time Issued: Wednesday, 03 July 2019 00:02:15 GMT
Status: open
Entry: 135.565 - 136.128
Limit: 134.864
Stop Loss: 136.798
The Breakout Opportunities system has just sold GBPJPY at 135.799. The system recommends entering this trade at any price between 135.565 and 136.128. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 10.755, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 137.114 and a profit target has been set at the 1 Day ATR level at 134.864. 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.
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