Breakout Identified in GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
Signal ID: 67602
Time Issued: Tuesday, 20 August 2019 06:39:15 GMT
Status: open
Entry: 128.732 - 129.095
Limit: 128.048
Stop Loss: 129.498

The Breakout Opportunities system has just sold GBPJPY at 128.96. The system recommends entering this trade at any price between 128.732 and 129.095. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 10.97, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 129.498 and a profit target has been set at the 1 Day ATR level at 128.048. 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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