Breakout Identified in GBPJPY

The Breakout Opportunities system has just sold GBPJPY at 139.574. The system recommends entering this trade at any price between 139.268 and 139.842. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.375, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 140.647 and a profit target has been set at the 1 Day ATR level at 138.35. 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: 61221
Time Issued: Thursday, 17 January 2019 08:20:16 GMT
Status: open
Entry: 139.268 - 139.842
Limit: 138.350
Stop Loss: 140.647

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