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FxWirePro: GBP/JPY forms bearish BAT pattern, good to buy at dips

Thursday, October 29, 2015 5:37 AM UTC

Harmonic Pattern formed - Bullish Cypher pattern (Long term)

Harmonic pattern formed- Bearish BAT pattern (Short term)

Potential Reversal Zone (PRZ)- 183.50

Any break above 186.30 will take the pair to 187/187.45.
On the downside pair's major support is around 183.50 and break below targets 182.75/182.50 in short term.
The pair's minor resistance is around 184.45 and any break above targets 185.05/185.30/186

It is good to buy at dips around 184.20-25 with SL around 183.50 for the TP of 185.30/186

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FxWirePro: GBP/JPY forms bearish BAT pattern, good to buy at dips

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