There is a Gartley PAttern formation in the 4 hours chart of GBPJPY. The currency pair has started to reverse from point D in the pattern . It is likely to go down upto point B of the pattern, a calculated target for chart pattern. However, traders can wait for the daily closing below 133.90 before going short in the pair to confirm the downside momentum . Trade information is as follow:
Short- 133.90
Target1- 132.277
Target2- 130.90
Sl - 136.15
Short- 133.90
Target1- 132.277
Target2- 130.90
Sl - 136.15