Breakout Identified in GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
133.457 - 134.254
Signal ID: 73381
Time Issued: Monday, 21 September 2020 08:31:15 GMT
Status: open
Entry: 133.457 - 134.254
Limit: 132.616
Stop Loss: 135.689

The Breakout Opportunities system has just sold GBPJPY at 133.737. The system recommends entering this trade at any price between 133.457 and 134.254. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 5.385, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 135.807 and a profit target has been set at the 1 Day ATR level at 132.616. 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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