Thursday, October 15, 2026

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GBP/JPY forms bullish cypher pattern, good to buy at dips

Harmonic Pattern formed- Bullish Cypher pattern Potential Reversal Zone (PRZ) -181.50. GBP/JPY has made a low of 181.61 and slightly recovered from that level. It is currently trading at 182.96. On the lower side major s…

By Lis Howell
1 min read
GBP/JPY forms bullish cypher pattern, good to buy at dips
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Harmonic Pattern formed- Bullish Cypher pattern

Potential Reversal Zone (PRZ) -181.50.

  • GBP/JPY has made a low of 181.61 and slightly recovered  from that level. It is currently trading at 182.96.
     
  • On the lower  side major support is around 181.50 and any break below targets 180.80/180.35.
     
  • The pair's minor resistance is around 183 and any break above would extend gains till 183.95/184.45.

It is good to buy at dips around 182.30-35 with SL around 181.50 for the TP of 183.90/184.40

 

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