Tanalys

GBP/JPY Intraday: bullish bias above 170.1.

Pivot: 170.1

Our preference: Long positions above 170.1 with targets @ 171.9 172.65 in extension.

Alternative scenario: Below 170.1 look for further downside with 169 168.25 as targets.

Comment: a support base at 170.1 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

173.2

172.65

171.9

170.55 Last

170.1

169

168.25

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