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FxWirePro: GBP/JPY forms Bearish Anti Shark Pattern, good to sell on rallies

 

  • Harmonic Pattern Formed- Bearish Anti Shark Pattern

  • Potential Reversal Zone (PRZ) -189
  • GBP/JPY has made a high of 188.80 and declined till 187.59 from that level. Overall trend is bearish as long as resistance 189 holds.

  • On the downside minor support is around 187.35 and break below targets 187/186/185.40.

  • Any break above will take the pair till 190/191.80.

It is good to sell on rallies around 188 with SL around 189 for the TP of 187/186.10

 

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