GBP/JPY forms bearish BAT pattern, good to buy at dips
Harmonic Pattern formed – Bullish Cypher pattern (Long term)
Harmonic pattern formed- Bearish BAT pattern (Short term)
Potential Reversal Zone (PRZ)- 183.50
Any break above 186.30 will take the pair to 187/187.45.
On the downside pair’s major support is around 183.50 and break below targets 182.75/182.50 in short term.
The pair’s minor resistance is around 184.45 and any break above targets 185.05/185.320/186
It is good to buy at dips around 184.20-25 with SL around 183.50 for the TP of 185.30/186
Harmonic pattern formed- Bearish BAT pattern (Short term)
Potential Reversal Zone (PRZ)- 183.50
Any break above 186.30 will take the pair to 187/187.45.
On the downside pair’s major support is around 183.50 and break below targets 182.75/182.50 in short term.
The pair’s minor resistance is around 184.45 and any break above targets 185.05/185.320/186
It is good to buy at dips around 184.20-25 with SL around 183.50 for the TP of 185.30/186
