Tanalys

GBP/JPY Intraday: bullish bias above 178.55.

Pivot: 178.55

Our preference: Long positions above 178.55 with targets @ 180.8 181.8 in extension.

Alternative scenario: Below 178.55 look for further downside with 177.1 176.15 as targets.

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

Supports and resistances:

183.1 ***

181.8 ***

180.8 ***

179.33 Last

178.55 **

177.1 ***

176.15 ***

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