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

Friday, November 20, 2015 5:52 AM UTC

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

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