Tanalys

GBP/JPY Intraday: bullish bias above 180.05.

Pivot: 180.05

Our preference: Long positions above 180.05 with targets @ 181.2 181.8 in extension.

Alternative scenario: Below 180.05 look for further downside with 179.7 179.3 as targets.

Comment: A support base at 180.05 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

182.25 ***

181.8 ***

181.2 **

180.4 Last

180.05 ***

179.7 ***

179.3 ***

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