Tanalys

GBP/JPY Intraday: bullish bias above 172.1.

Pivot: 172.1

Our preference: Long positions above 172.1 with targets @ 173 173.3 in extension.

Alternative scenario: Below 172.1 look for further downside with 171.75 171.4 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

173.6

173.3

173

172.4253 Last

172.1

171.75

171.4

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version