A Bullish Butterfly
pattern has formed on the Weekly chart of the GBP/JPY
. Point D formed between the 1.272 and 1.618 extension
of XA. Point D is @ 1.519XA. Pattern data is on chart as well as Fibonacci Retracement
targets. Remember, this is Weekly chart, be patient. Manage you risk. Stop should be place BELOW piercing line pattern. Happy Trading!