Breakout Identified in GBPJPY
The Breakout Opportunities system has just bought GBPJPY at 151.866. The system recommends entering this trade at any price between 151.655 and 152.092. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.298, suggesting that the GBPJPY may have further to rise. A stop loss has been set at the 24-hour low of 151.021 and a profit target has been set at the 1 Day ATR level at 152.772. 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: 75925
Time Issued: Thursday, 29 April 2021 07:02:16 GMT
Entry: 151.655 – 152.092
Stop Loss: 151.021
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