Tanalys

GBP/JPY Intraday: bullish bias above 182.8.

Pivot: 182.8

Our preference: Long positions above 182.8 with targets @ 184.75 185.3 in extension.

Alternative scenario: Below 182.8 look for further downside with 182.3 181.7 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

186.15

185.3

184.75

183.81 Last

182.8

182.3

181.7

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