FxWirePro: GBP/JPY forms Bearish Anti Shark pattern, good to sell on rallies

• Harmonic Pattern Formed- Anti Shark pattern
   
• Potential Reversal Zone (PRZ) - 186.05
   
• The pair retreated till 185.16 after making a high of 186.02 yesterday. Short term trend is still weak as long as resistance 186.05 holds.
   
• Any break above 186.05 will take the pair to new level 186.60/187.
   
• On the lower side minor support is around 185 break below targets 184.30/183.80.

It is good to sell on rallies around 185.60-65 with SL around 186.05 for the TP of 184.30/183.80.

R1-186.05

 R2-186.60

R3-187

Support

S1-185

S2-184.30

S3-183.80