Tanalys

GBP/JPY Intraday: bullish bias above 176.75.

Pivot: 176.75

Our preference: Long positions above 176.75 with targets @ 178.45 178.9 in extension.

Alternative scenario: Below 176.75 look for further downside with 176.45 176 as targets.

Comment: A support base at 176.75 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

179.3 **

178.9 **

178.45 **

177.8150 Last

176.75 ***

176.45 **

176 **

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