TomHall
Short

GBP.JPY - BEARISH CYPHER SETUP - 131.710

FX:GBPJPY   British Pound/Japanese Yen
On the GBP.JPY 1hr chart we have a potential short opportunity's at the D leg completion of bearish Cypher setup.

The price reversal zone on this pair is between 131.710 & 132.267
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 130.000
Stop loss would be placed above X leg structure resistance .

Target 1 - 130.920
Target 2 - 130.435
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Yasstores
5 months ago
The pair fall in the last hour to 130.40. It stated target you have ... Do the downside is still ongoing?
+1 Reply
TomHall TOP Yasstores
5 months ago
Hi,

As long as the price doesn't break the 129.747 level, then the pattern is still valid.
Reply
Yasstores TomHall
5 months ago
Thanx

Can you analyze the pair NZDUSD Short-range ?
Reply
Yasstores
5 months ago
We can sell ?
Reply
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