Tanalys

GBP/JPY intraday: bullish bias above 156.8.

Pivot: 156.8

Our preference: Long positions above 156.8 with targets @ 158 158.4 in extension.

Alternative scenario: Below 156.8 look for further downside with 155.85 155.45 as targets.

Comment: the pair remains in a bullish channel.

Key levels

158.8

158.4

158

157.441 last

156.8

155.85

155.45

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