Tanalys

GBP/JPY Intraday: bullish bias above 185.65.

Pivot: 185.65

Our preference: Long positions above 185.65 with targets @ 186.8 187.45 in extension.

Alternative scenario: Below 185.65 look for further downside with 185 184.1 as targets.

Comment: A support base at 185.65 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

188.1 **

187.45 ***

186.8 ***

185.8970 Last

185.65 ***

185 **

184.1 ***

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