Thursday, October 15, 2026

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FxWirePro: GBP/JPY forms Bullish Shark Pattern, good to buy at dips

Harmonic Pattern Formed- Bullish Shark pattern Potential Reversal Zone (PRZ) - 179.70 The pair has declined till 180.32 and started to recover from that level. It is currently trading at 181.15 Any break below 180.30 wil…

By Lis Howell
1 min read
FxWirePro: GBP/JPY forms Bullish Shark Pattern, good to buy at dips
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  • Harmonic Pattern Formed- Bullish Shark pattern
     
  • Potential Reversal Zone (PRZ) - 179.70
     
  • The pair has declined till 180.32 and started to recover from that level. It is currently trading at 181.15
     
  • Any break below 180.30 will drag the pair till 179.70/178.75 level in short term. On the higher side major resistance is around 182.30 and break above will take the pair to next level 182.85/183.32.

It is good to buy at dips around 180.50-60 with SL around 179.65 for the TP of 182.30/182.85

 

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By FxWirePro Team