Tanalys

GBP/JPY intraday: 158.3 in sight.

Pivot: 157.2

Our preference: Long positions above 157.2 with targets @ 158.3 158.75 in extension.

Alternative scenario: Below 157.2 look for further downside with 156.65 156.15 as targets.

Comment: technically, the RSI is above its neutrality area at 50.

Key levels

159.35

158.75

158.3

158.08 last

157.2

156.65

156.15

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