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GBP/JPY trade Idea

Harmonic pattern formed- Bullish BAT pattern Potential Reversal Zone (PRZ) -184.60 On the higher the pair is facing major resistance around 186.30 and break above confirms further bullishness , a jump till 187/187.45 is …

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GBP/JPY trade Idea
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Harmonic pattern formed- Bullish BAT pattern

Potential Reversal Zone (PRZ) -184.60

  • On the higher the pair is facing major resistance around 186.30 and break above confirms further bullishness , a jump till 187/187.45 is possible .
     
  • The pair's major support is around 184.40 below that level targets 184.25/183.60.

It is good to buy at dips around 184.65-70 with SL around 184.25 for the TP of 186/186.30

Resistance

R1- 185.30

 R2-186

R3- 186.30

Support

S1-184.25

S2-183.60

S3-183

 

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