Tanalys

GBP/JPY Intraday: bullish bias above 177.95.

Pivot: 177.95

Our preference: Long positions above 177.95 with targets @ 178.7 179.2 in extension.

Alternative scenario: Below 177.95 look for further downside with 177.6 177.2 as targets.

Comment: A support base at 177.95 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

179.9 ***

179.2 **

178.7 ***

178.29 Last

177.95 ***

177.6 ***

177.2 **

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