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GBP/JPY forms Bullish Cypher pattern, good to buy at dips

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 ar…

By Lis Howell
1 min read
GBP/JPY forms Bullish Cypher pattern, good to buy at dips
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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 183.10 and any break above targets 183.40/184.05.
     
  • 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

 

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