Buy @ Market 167.95 SL. 166 TP 175 176 183 My 1st TP. is broken double bottom of weekly 175.
GBP/JPY has broken down through it's previously expanding range (see blue lines). It's now up testing the lower bound of that range and setting up for what I believe will be a nice short.
What we are looking at here is a potential Gartley pattern that would give the GBP a little relief rally in it's otherwise bearish trend. We have a Fibonacci confluence of the XA 886 retracement, the AB 1.272 extension and the BC 1.414 inverted extension at approximately the same level. The pattern should complete in the PRZ zone which extends down to X which is...