FXCM-EDU
Short

Breakout Identified in GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
The Breakout Opportunities system has just sold GBPJPY at 145.734. The system recommends entering this trade at any price between 145.449 and 146.378. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.258, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 148.312 and a profit target has been set at the 1 Day ATR level at 144.594. 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: 60011
Time Issued: Thursday, 15 November 2018 09:17:15 GMT
Status: open
Entry: 145.449 - 146.378
Limit: N/A
Stop Loss: N/A

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