Tanalys

GBP/JPY Intraday: bullish bias above 186.6.

Pivot: 186.6

Our preference: Long positions above 186.6 with targets @ 188.45 189 in extension.

Alternative scenario: Below 186.6 look for further downside with 185.7 184.9 as targets.

Comment: A support base at 186.6 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

189.75 **

189 **

188.45 *

187.15 Last

186.6 ***

185.7 **

184.9 ***

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