GBP.JPY - BULLISH CYPHER SETUP - 133.840
On the GBP.JPY 15min chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 133.840 & 133.433
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 135.150
Stop loss would be placed below X leg structure support.
Target 1 - 134.450
Target 2 - 134.818
The price reversal zone on this pair is between 133.840 & 133.433
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 135.150
Stop loss would be placed below X leg structure support.
Target 1 - 134.450
Target 2 - 134.818