FXCM-EDU
Short

Breakout Identified in GBPJPY SELL

OANDA:GBPJPY   British Pound / Japanese Yen

138.445 - 139.001 Add to Watch List
Signal ID: 65711
Time Issued: Thursday, 23 May 2019 18:14:15 GMT
Status: open
Entry: 138.445 - 139.001
Limit: 137.677
Stop Loss: 139.251

The Breakout Opportunities system has just sold GBPJPY at 138.701. The system recommends entering this trade at any price between 138.445 and 139.001. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 9.782, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 139.9 and a profit target has been set at the 1 Day ATR level at 137.677. 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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