Tanalys

GBP/JPY Intraday: bullish bias above 186.9.

Pivot: 186.9

Our preference: Long positions above 186.9 with targets @ 187.85 188.4 in extension.

Alternative scenario: Below 186.9 look for further downside with 186.4 185.85 as targets.

Comment: A support base at 186.9 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

189.2 ***

188.4 ***

187.85 ***

187.19 Last

186.9 ***

186.4 *

185.85 **

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