FXCM

Breakout Identified in GBPJPY

Short
FX:GBPJPY   British Pound / Japanese Yen
The Breakout Opportunities system has just sold GBPJPY at 143.849. The system recommends entering this trade at any price between 143.556 and 144.397. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.779, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 146.043 and a profit target has been set at the 1 Day ATR level at 142.679. 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: 64223
Time Issued: Monday, 11 March 2019 00:52:15 GMT
Status: open
Entry: 143.556 - 144.397
Limit: 142.679
Stop Loss: 145.491
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