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GBPJPY cypher pattern long

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Paun British / Yen Jepun (FX_IDC:GBPJPY)  
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FX_IDC:GBPJPY   Paun British / Yen Jepun
GBPJPY GBP jpy Cypher LONG Bullish Patterns hourly Forex forexsignals forexpositive forextrading forextradingzones AB=CD analysis structure Support and Resistance buy japan downtrend Fibonacci forex_signals Gartley Harmonic Patterns Volume Indicator break Moving Average Convergence / Divergence (MACD) market money Moving Averages Elliott Wave support trend priceaction
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gbpjpy gbp jpy cypherpattern long bullish hourly forex forexsignals forexpositive forextrading forextradingzones abcdpattern analysis structure supportandresistance buy japan downtrend fibonacci forex_signals gartleypattern harmonicpatterns volume break macd market money movingaverage elliottwaves support trend priceaction
Getting prepared for a hopeful bullish cypher pattern to form here. 3 points of resistance against the line leading to our entry point, so hopefully we see a continuation of this short-term trend to form the cypher.

Unfortunately not the best risk/reward.

I'll be looking also to see if the RSI is in an oversold (or nearly oversold) position if the price reaches the entry target.
Komen:
INVALID PATTERN due to a silly mistake, see below.
Penafian

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