Tanalys

GBP/JPY intraday: bullish bias above 152.

Pivot: 152

Our preference: Long positions above 152 with targets @ 153.75 154.2 in extension.

Alternative scenario: Below 152 look for further downside with 151.1 150.4 as targets.

Comment: a support base at 152 has formed and has allowed for a temporary stabilisation.

Key levels

155

154.2

153.75

152.742 last

152

151.1

150.4

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