Breakout Identified in GBPJPY SELL

Breakout Identified in GBPJPY SELL for FX:GBPJPY by FXCM

Breakout Identified in GBPJPY SELL



135.365 – 135.874
Signal ID: 73305
Time Issued: Tuesday, 15 September 2020 00:52:15 GMT
Status: open
Entry: 135.365 – 135.874
Limit: 134.517
Stop Loss: 136.552

The Breakout Opportunities system has just sold GBPJPY at 135.648. The system recommends entering this trade at any price between 135.365 and 135.874. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.822, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 136.552 and a profit target has been set at the 1 Day ATR level at 134.517. 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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