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GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217 
- Harmonic pattern formed- Bearish Bat pattern.
- Potential Reversal Zone (PRZ) – 0.75005.
- The pair has formed Bearish Bat pattern in daily chart and any further bullishness can be seen only above Potential Reversal Zone (PRZ).
- Any break above 0.7500 will take the pair to next level till 0.7570/0.75976 level.
- On the lower side, support stands at 0.7461 (9- day MA) and any break below targets 0.7419 (200- HMA)/0.7400.
It is good to sell on rallies around 0.7480 with SL around 0.7510 for the TP of 0.7418.
