gbp/jpy

23 mar 2018

On the 1hr chart, we have 3 patterns and the bullish bat very near to completion the yen is gaining strength against the dollar and in my humble opinion will go down further, so if we close below leg C on the Cypher and leg A on the Gartley these patterns become invalid (red line). If you see anything incorrect in my analysis please don't hesitate to tell me good luck