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Long

GBP/JPY forms Bullish Shark Pattern, good to buy at dips

FX:GBPJPY   British Pound / Japanese Yen
377 2 4
Harmonic Pattern Formed- Bullish Shark pattern

Potential Reversal Zone (PRZ) – 179.70

The pair has declined till 180.32 and started to recover from that level. It is currently trading at 181.15

Any break below 180.30 will drag the pair till 179.70/178.75 level in short term. On the higher side major resistance is around 182.30 and break above will take the pair to next level 182.85/183.32.

It is good to buy at dips around 180.50-60 with SL around 179.65 for the TP of 182.30/182.85
Was broken
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180.3 was broken
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