Possible trend shift in GBPJPY – going long | 6th Oct

Signal ID: 77778
Time Issued: Wednesday, 06 October 2021 05:48:15 GMT
Status: open
Entry: 111.583 - 111.87
Limit: 112.220
Stop Loss: 111.072

The Breakout Opportunities system has just bought USDJPY at 111.753. The system recommends entering this trade at any price between 111.583 and 111.87. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.82, suggesting that the USDJPY may have further to rise. A stop loss has been set at the 24-hour low of 111.072 and a profit target has been set at the 1 Day ATR level at 112.22. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. 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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