GBPJPY: Harmonics & Structure Confluence

Long

British Pound / Japanese Yen (OANDA:GBPJPY)

OANDA:GBPJPY British Pound / Japanese Yen

Trend Analysis Chart Patterns Supply and Demand GBPJPY yen japaneseyen Technical Analysis

trendanalysis chartpattern supplyanddemand gbpjpy yen japaneseyen technicalanalysis

snapshot

Hey traders,

GBPJPY is forming a CD leg of a harmonic ABCD pattern.
Its completion point matches perfectly with a strong daily demand zone on the left.
148.5 - 149.1 is the zone from where a pullback will be expected.

Initial goal will be 150.65

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