FxWirePro:GBP/JPY Trade idea

• Pattern formed – Bullish Gartley pattern     
          
• Major support -140
   
• The pair declined drastically after breaking major support 142.15. It has made a low of 140.20 at the time of writing and is currently trading around 140.80.
   
• Major support is around 140 and any break below will drag the pair down till 138.50 in the short term.
   
• The pair minor resistance is around 141.40 (23.6% retracement of 145.25 and 140.20) and break above will take the pair till 142.20 (support turned into resistance)/143.
  
  It is good to buy on dips around 140.60 with SL around 140 for the TP of 141.40/142.20.

Resistance                                                                           

R1-141.40

R2-142.20

R3- 143.50

Support      

S1-140

S2-138.50

S3- 136