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TerryHarmonicTrading

GBPJPY - Could CPI data complete this bearish butterfly?

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
TerryHarmonicTrading  
OANDA:GBPJPY   British Pound / Japanese Yen
Harmonic Patterns Butterfly terryharmonic GBPJPY CPI
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harmonicpatterns butterflypattern terryharmonic gbpjpy cpi
GBP CPI data will be announced in roughly 2 hours.

This is a bearish butterfly pattern that could complete when the data is released.

These are the levels you should pay attention this week if you trade GBPJPY.

Wait for a reaction when the pattern completes before you go short, strongly recommend not to use a pending order to trade harmonic patterns.

EP 148.70
SL 149.10
TP1 147.70 (AD 38.2)
TP2 147.10 (AD 61.8)
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