Tanalys

GBP/JPY Intraday: bullish bias above 166.25.

Pivot: 166.25

Our preference: Long positions above 166.25 with targets @ 168.2 169.05 in extension.

Alternative scenario: Below 166.25 look for further downside with 165 163.85 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:

169.7

169.05

168.2

167.43 Last

166.25

165

163.85

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