Tanalys

GBP/JPY intraday: bullish bias above 155.6.

Pivot: 155.6

Our preference: Long positions above 155.6 with targets @ 156.75 157.3 in extension.

Alternative scenario: Below 155.6 look for further downside with 154.95 154.5 as targets.

Comment: technically, the RSI is above its neutrality area at 50.

Key levels

157.9

157.3

156.75

156.56 last

155.6

154.95

154.5

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