Breakout Identified in GBPJPY

Breakout Identified in GBPJPY for FX:GBPJPY by FXCM

Breakout Identified in GBPJPY

The Breakout Opportunities system has just sold GBPJPY at 139.478. The system recommends entering this trade at any price between 139.214 and 139.78. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.45, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 140.687 and a profit target has been set at the 1 Day ATR level at 138.422. 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: 74239
Time Issued: Monday, 07 December 2020 07:07:15 GMT
Status: open
Entry: 139.214 – 139.78
Limit: 138.422
Stop Loss: 140.687

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