• Harmonic pattern formed: Bearish shark pattern.
   
• Potential Reversal Zone (PRZ) – 144.78.
   
• GBPJPY has formed bearish Shark pattern in the daily chart and potential reversal zone is around 144.78. It is currently trading around 143.55.
   
• On the higher side any further bullishness can be seen above 144.80 level. Any break above that level confirms major trend reversal and jump till 148.45.
   
• The near support is around 141.96 and any break below will drag the pair down till 140/139.58 (55 day EMA)/138.85 (61.8% retracement of 135.59 and 143.89).
  
  It is good to sell on rallies around 143.65-70 with SL around 144.80 for the TP 140/138.90.