• Harmonic pattern – Potential Bearish Gartley pattern.
   
• Potential Reversal Zone (PRZ) - 140.40.
   
• GBP/JPY potential Bearish Gartley pattern is expected to get complete at 139.85 level. The pair recovered sharply from the low of 138.04.
   
• On the lower side, the minor bottom formed at 137.75 will be acting as major support and any break below will drag the 136.45 (Jan 16th 2017 low).
   
• The major resistance is around 140.40 and any break above confirms trend reversal. Any break above 140.40 will take the pair till 141.26 (50% retracement of 144.78 and 137.75)/142.05.
  
  It is good to sell on rallies around 139.85 with SL around 140.40 for the TP of 138.80/138.