Tanalys

GBP/JPY intraday: bullish bias above 157.25.

Pivot: 157.25

Our preference: Long positions above 157.25 with targets @ 158.9 159.45 in extension.

Alternative scenario: Below 157.25 look for further downside with 156.6 156.15 as targets.

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

Key levels

160

159.45

158.9

158.278 last

157.25

156.6

156.15

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