Gartley Pattern GBP/JPY 4hr

Bearish GBP / JPY Gartely Pattern 4hr charts

At this time you'll find any JPY pairs forms a pattern in the 4hr charts, we still monitoring the Butterfly one we wrote about in the last post, and here in the GBP/JPY there is a Gartely about to form in the next few bars.

the bull back found a resistance in the 50 Fibo line, then a resistance in the 23 Fibo line support.

Now it suppose to come with a push to touch the 78 Fibo resistance line, in the way to that resistance, there is a 150 moving average line, it's important to see how the price move across this moving average, if the price pass the average line with a strong trend, then we can setup our gartely pattern, if the price find a strong resistance, then we can make a stup for 123 formation, just keep your eyes in this pair.