Tanalys

GBP/JPY Intraday: bullish bias above 177.2.

Pivot: 177.2

Our preference: Long positions above 177.2 with targets @ 178.45 178.9 in extension.

Alternative scenario: Below 177.2 look for further downside with 176.75 176 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

Supports and resistances:

179.3 **

178.9 **

178.45 **

177.94 Last

177.2 ***

176.75 **

176 **

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