Tanalys

GBP/JPY intraday: bullish bias above 149.7.

Pivot: 149.7

Our preference: Long positions above 149.7 with targets @ 151.95 152.4 in extension.

Alternative scenario: Below 149.7 look for further downside with 148.85 148.25 as targets.

Comment: a support base at 149.7 has formed and has allowed for a temporary stabilisation.

Key levels

152.75

152.4

151.95

150.684 last

149.7

148.85

148.25

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