GBP/JPY - Bearish Cypher

FX:GBPJPY   British Pound / Japanese Yen
Here we have another harmonic pattern shaping up, this time we are looking at GBP/JPY             on a 4h chart with a potential bearish cypher pattern.

The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786

I'll be expecting a spike up to hit our D point, completing our pattern then a sharp move to the downside. I am aware there is also a valid harmonic pattern on the 1h chart which I have seen posted 10+ times on here today but to me this cypher pattern looks very promising.
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Looking for the re- bounce to the Centerline and then short too.

+1 Reply
Great analysis, we should see a drop by the end of the week.
Nice call! Was actually looking at that on the Daily, and I found this>>>

If we break the 166.000 area the daily harmonic will definitely come into play, great share mate.
FXGOOGLE LewisGlasgow
Good share!
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