Tanalys

GBP/JPY Intraday: bullish bias above 169.

Pivot: 169

Our preference: Long positions above 169 with targets @ 171.35 172.15 in extension.

Alternative scenario: Below 169 look for further downside with 168.25 167.1 as targets.

Comment: the RSI is well directed. The pair remains on the upside and is approaching its resistance.

Supports and resistances:

172.65

172.15

171.35

170.546 Last

169

168.25

167.1

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