British Pound / Japanese Yen
Short
Updated

GBPJPY. At market Bat Pattern

2830
An at market Bat Pattern is on the chart. Note, that a Bat Pattern is a Harmonic pattern. It requires some type of ab=cd measurement. When you hear "Harmonic" you should think "Symmetric".

In this very pattern a Potential Reversal Zone is formed by a 1.272ab=cd complemented by 0.886XA.
Note
This will be a nice guide:
Hamronic patterns ratios guide.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.