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AndreiButoi

Bearish Cypher Pattern with good resistance on GBPJPY

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Paun British / Yen Jepun (FX:GBPJPY)  
AndreiButoi  
FX:GBPJPY   Paun British / Yen Jepun
GBPJPY Cypher Harmonic Patterns structure trend
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gbpjpy cypherpattern harmonicpatterns structure trend
After a massive bearish move, GBPJPY had a retracement and now is on consolidation. My short on this pair (at 179.50 price) is based on a cypher pattern in direction of the major trend and a minor structure range ( .40-.55).

Also is very probable that RSI will be overbought on that level and if you want to be very conservati you can wait for a double top on that level!
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