Harmonic Bat Pattern
The GBP/JPY appears to be forming a bullish bat pattern. If it is able to complete then it would coincide with a trend line connecting the last few lows. If the 0.886 fibonacci retracement level is violated then I will be looking to the 1.13 extension for a long entry.
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.