Tanalys

GBP/JPY intraday: bullish bias above 147.9.

Pivot: 147.9

Our preference: Long positions above 147.9 with targets @ 150.65 151.95 in extension.

Alternative scenario: Below 147.9 look for further downside with 147.05 146.3 as targets.

Comment: a support base at 147.9 has formed and has allowed for a temporary stabilisation.

Key levels

152.85

151.95

150.65

148.679 last

147.9

147.05

146.3

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