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Harmonic Pattern- Bullish Cypher pattern
Potential Reversal Zone (PRZ) - 181.40
- GBP/JPY has made a low of 181.84 and recovered from that level. till 183. It is currently trading at 182.88.
- Intraday minor resistance is around 183.60 and any break above targets 184.40/185.20.
- On the downside minor support is around 182.50 and any break below targets 182/181.80/181.40.
It is good to buy at dips around 182.40 with SL around 181.40 for the TP of 184./184.80
Resistance
R1- 183.60
R2-184.40
R3- 185.20
Support
S1-182.50
S2-181.80
S3-181.35
