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

• Pattern Formed- Bearish Gartley Pattern.
   
• Potential Reversal Zone (PRZ) – 132.45.
   
• The pair has once again recovered from the low of 130.30 and jumped till 131.21yesterday. It is currently trading around 131.17.
   
• Short term trend is weak as long as resistance 132.45 holds.
   
• On the lower side, support stands at 130 and any indicative break below targets 129.05/128.60 in the short term.
   
• The major resistance stands at 132.45 and any break above would extend gains till 133.25/134 is possible.

It is good to sell on rallies 131.90 with SL around 132.45 for the TP of 130.35.