The pound yen rebounds after the completion of the harmonic model

The pound yen is retreating strongly after rising to our target, but our sell-off did not do with simple points and rebounded just before the levels of 195.70, specifically from the levels of 195.62.

Currently, the pound yen is at a crossroads and we can buy and sell if we reach the buy or sell levels.

The best selling areas of the pound yen

The best selling zones will be after the completion of the bat harmonic pattern at the levels of 196.00/20, where it is possible to break through 195.70 if it reaches it again due to its rebound a few points earlier.

Targets are at the levels of 195.00 and then 194.50.

The best areas to buy pound yen

The best buying zones will be if the pair reaches near the levels of the uptrend approximately at the levels of 194.25 / 05.

Targets are near the levels of 195.70.