GBP/JPY forms Bullish Cypher pattern, good to buy at dips
Harmonic Pattern- Bullish Cypher pattern
Potential Reversal Zone (PRZ) - 181.40
GBP/JPY has made a low of 181.84 and recovered from that level. till 183. It is currently trading at 182.88.
Intraday minor resistance is around 183.10 and any break above targets 183.40/184.05.
On the downside minor support is around 182.50 and any break below targets 182/181.80/181.40.
It is good to buy at dips around 182.40 with SL around 181.40 for the TP of 184./184.80
Potential Reversal Zone (PRZ) - 181.40
GBP/JPY has made a low of 181.84 and recovered from that level. till 183. It is currently trading at 182.88.
Intraday minor resistance is around 183.10 and any break above targets 183.40/184.05.
On the downside minor support is around 182.50 and any break below targets 182/181.80/181.40.
It is good to buy at dips around 182.40 with SL around 181.40 for the TP of 184./184.80