Tanalys

GBP/JPY intraday: bullish bias above 151.5.

Pivot: 151.5

Our preference: Long positions above 151.5 with targets @ 153.65 154.7 in extension.

Alternative scenario: Below 151.5 look for further downside with 150.5 149.15 as targets.

Comment: the pair stands above its new support and remains on the upside, the RSI is reversing up.

Key levels

155.5

154.7

153.65

152.71 last

151.5

150.5

149.15

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