Tanalys

GBP/JPY Intraday: bullish bias above 183.1.

Pivot: 183.1

Our preference: Long positions above 183.1 with targets @ 184.2 184.6 in extension.

Alternative scenario: Below 183.1 look for further downside with 182.45 181.85 as targets.

Comment: A support base at 183.1 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

185.4 **

184.6 **

184.2 ***

183.6708 Last

183.1 ***

182.45 **

181.85 ***

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