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Long

GBP/JPY forms bullish cypher pattern, good to buy at dips

FX:GBPJPY   British Pound / Japanese Yen
392 0 7
Harmonic Pattern formed- Bullish Cypher pattern

Potential Reversal Zone (PRZ) -181.50.

GBP/JPY             has made a low of 181.61 and slightly recovered from that level. It is currently trading at 182.96.

On the lower side major support is around 181.50 and any break below targets 180.80/180.35.

The pair's minor resistance is around 183 and any break above would extend gains till 183.95/184.45.

It is good to buy at dips around 182.30-35 with SL around 181.50 for the TP of 183.90/184.40

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