Tanalys

GBP/JPY intraday: bullish bias above 150.8.

Pivot: 150.8

Our preference: Long positions above 150.8 with targets @ 152.2 152.8 in extension.

Alternative scenario: Below 150.8 look for further downside with 150.4 149.9 as targets.

Comment: a support base at 150.8 has formed and has allowed for a temporary stabilisation.

Key levels

153.4

152.8

152.2

151.279 last

150.8

150.4

149.9

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