Tanalys

GBP/JPY intraday: bullish bias above 148.85.

Pivot: 148.85

Our preference: Long positions above 148.85 with targets @ 151.15 151.6 in extension.

Alternative scenario: Below 148.85 look for further downside with 148.2 147.4 as targets.

Comment: the RSI lacks downward momentum.

Key levels

152.1

151.6

151.15

150.197 last

148.85

148.2

147.4

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