Tanalys

GBP/JPY Intraday: bullish bias above 172.35.

Pivot: 172.35

Our preference: Long positions above 172.35 with targets @ 173.6 174.2 in extension.

Alternative scenario: Below 172.35 look for further downside with 171.65 170.9 as targets.

Comment: The RSI calls for a new upleg.

Supports and resistances:

174.85

174.2

173.6

173 Last

172.35

171.65

170.9

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