GBP/JPY cypher pattern.

GBP/JPY Cypher. The great thing about cypher patterns is there 80% probability of reversal making them the best harmonic pattern to trade so it is good when you do spot one occasionally   The jpy crosses have still yet to give up and EUR/JPY and USD/JPY have taken out there highs and not made any recognisable patterns. GJ however has not exceeded its high and has formed this pattern so therefore I see this a good trade and I will be shorting it tonight. Remember to put all stops above the highs. Always ensure a better that 1-1 risk to reward on any of these trades. If you don’t project that with your brokers spreads do not take the trade.cypher


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