GBP/JPY forms Bearish BAT Pattern, good to sell on rallies
Harmonic pattern formed- Bearish Bat Pattern
Potential Reversal Zone (PRZ) – 186
Any break above 186 will take the pair to new level 187/188.
On the down side minor support is 185 and break below targets 184.30
Major support is around 184.30 and break below will drag the pair further down 183.40/183.
It is good to sell on rallies around 185.85-90 with SL around 187 for the TP of 184.30/183.80
Potential Reversal Zone (PRZ) – 186
Any break above 186 will take the pair to new level 187/188.
On the down side minor support is 185 and break below targets 184.30
Major support is around 184.30 and break below will drag the pair further down 183.40/183.
It is good to sell on rallies around 185.85-90 with SL around 187 for the TP of 184.30/183.80