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Long

GBP/JPY forms Bullish Cypher pattern, good to buy at dips

FX:GBPJPY   British Pound/Japanese Yen
278 0 6
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
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