Tanalys

GBP/JPY Intraday: bullish bias above 186.

GBP/JPY Intraday: bullish bias above 186.

Pivot: 186

Our preference: Long positions above 186 with targets @ 187.8 188.4 in extension.

Alternative scenario: Below 186 look for further downside with 184.95 184 as targets.

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

Supports and resistances:

189.2 ***

188.4 ***

187.8 ***

186.47 Last

186 ***

184.95 ***

184 ***

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