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WynnFX

GBP/JPY Bullish Butterfly with Piercing Line pattern

Long
British Pound / Japanese Yen (FX:GBPJPY)  
WynnFX  
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY piercingline Bullish Patterns Candlestick Analysis Bullish Butterfly Fibonacci
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gbpjpy piercingline bullish candlestick bullishbutterfly fibonacci
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!
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