Monday, October 19, 2026

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FxWirePro: GBP/JPY forms Bearish BAT Pattern, good to sell on rallies

Harmonic pattern formed- Bearish Bat Pattern Potential Reversal Zone (PRZ) - 186 Any break above 186 will take the pair to new level 187/188. On the down side minor support is 185 and break below targets 184.30 Major sup…

By Lis Howell
1 min read
FxWirePro: GBP/JPY forms Bearish BAT Pattern, good to sell on rallies
Image from the original EconoTimes article
  • Harmonic pattern formed- Bearish Bat Pattern
     
  • Potential Reversal Zone (PRZ) - 186
     
  •  Any break above 186 will take the pair to new level 187/188.
     
  • On the down side minor support is 185 and break below targets 184.30
     
  • Major support is around 184.30 and break below will drag the pair further down 183.40/183.

It is good to sell on rallies around 185.85-90 with SL around 187 for the TP of 184.30/183.80.

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By FxWirePro Team