Breakout Identified in GBPJPY

The Breakout Opportunities system has just sold GBPJPY at 144.423. The system recommends entering this trade at any price between 144.136 and 144.566. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.094, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 144.996 and a profit target has been set at the 1 Day ATR level at 143.275. 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: 65171
Time Issued: Thursday, 25 April 2019 06:32:15 GMT
Status: open
Entry: 144.136 - 144.566
Limit: 143.275
Stop Loss: 144.996

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.