Thursday, October 15, 2026

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FxWirePro: GBP/JPY forms Bullish BAT pattern, good to sell on rallies

Harmonic Pattern Formed- Bullish BAT Pattern Potential Reversal Zone (PRZ)- 187.50. GBP/JPY has retreated after making a high of 188.28. It is currently trading at 186.12. Short term trend is bearish as long as resistanc…

By Lis Howell
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FxWirePro: GBP/JPY forms Bullish BAT pattern, good to sell on rallies
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Harmonic Pattern Formed- Bullish BAT Pattern

Potential Reversal Zone (PRZ)- 187.50.

  • GBP/JPY has retreated after making a high of 188.28. It is currently trading at 186.12.
     
  • Short term trend is bearish as long as resistance 187.50 holds.
     
  • On the higher side any break above will target 188/188.25.
     
  • The pair's short term support is around 185.80 and any break below will drag the pair till 185/184.60.

It is good to sell on rallies around 186.55-60 with SL around 187.50 for the TP of 185/184.60

 

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