FX:GBPJPY   British Pound / Japanese Yen
110 2 0
After a butterfly long possible cypher short
I'm watching this also.

You should know, that if it goes down, then it will complete a bullish bat around the 166.937 level. Personally i prefer the bat completion, as then the reversal will be inline with the predominant trend in the higher timeframe. The bat produces a much better risk:reward ratio as well.
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It has completed a butterfly already, see the bat which if completes makes the cypher invalid. We'll see what the PA will do. Cheers
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