- Harmonic Pattern Formed- Bullish Bat Pattern
- Potential Reversal Zone (PRZ) -155
- The pair has slightly recovered after making a low of 155.72. It is currently trading around 156.06.
- Short term trend is slightly bullish as long as support 155 holds.
- On the higher side minor resistance is around 156.75 and any break above will take the pair till 157.30 (4H Tenken-Sen)/158/159.60 in short term.
- GBP/JPY major support is around 155 and any break below targets 153.50/152.
- Overall bearish invalidation only above 162.60.
It is good to buy at dips around 156 with SL around 155 for the TP of 157.30/158
