GBP.JPY - Bullish Cypher Setup - 159.253

Long

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

bullish ukforexsignals long buy gbpjpy cypherpattern harmonicpatterns

On the GBP.JPY 1h chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 159.253 & 158.082
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 163.248
Stop loss would be placed below X leg structure support.

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