Tanalys

GBP/JPY Intraday: bullish bias above 168.6.

Pivot: 168.6

Our preference: Long positions above 168.6 with targets @ 169.7 170 in extension.

Alternative scenario: Below 168.6 look for further downside with 168.1 167.7 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:

170.50

170

169.7

169.0563 Last

168.6

168.1

167.7

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