Breakout Identified in GBPJPY

Breakout Identified in GBPJPY for FX:GBPJPY by FXCM

Breakout Identified in GBPJPY

The Breakout Opportunities system has just bought GBPJPY at 148.215. The system recommends entering this trade at any price between 147.981 and 148.45. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.901, suggesting that the GBPJPY may have further to rise. A stop loss has been set at the 24-hour low of 147.278 and a profit target has been set at the 1 Day ATR level at 149.154. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. 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: 75093
Time Issued: Monday, 22 February 2021 02:09:15 GMT
Status: open
Entry: 147.981 – 148.45
Limit: 149.154
Stop Loss: 147.278

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