GBP/JPY forms bullish cypher pattern, good to buy at dips
Harmonic Pattern formed- Bullish Cypher pattern
Potential Reversal Zone (PRZ) -181.50.
GBP/JPY has made a low of 181.61 and slightly recovered from that level. It is currently trading at 182.96.
On the lower side major support is around 181.50 and any break below targets 180.80/180.35.
The pair's minor resistance is around 183 and any break above would extend gains till 183.95/184.45.
It is good to buy at dips around 182.30-35 with SL around 181.50 for the TP of 183.90/184.40
Potential Reversal Zone (PRZ) -181.50.
GBP/JPY has made a low of 181.61 and slightly recovered from that level. It is currently trading at 182.96.
On the lower side major support is around 181.50 and any break below targets 180.80/180.35.
The pair's minor resistance is around 183 and any break above would extend gains till 183.95/184.45.
It is good to buy at dips around 182.30-35 with SL around 181.50 for the TP of 183.90/184.40