Tanalys

GBP/JPY Intraday: bullish bias above 187.8.

Pivot: 187.8

Our preference: Long positions above 187.8 with targets @ 189.6 190 in extension.

Alternative scenario: Below 187.8 look for further downside with 187.05 185.9 as targets.

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

Supports and resistances:

190.85 **

190 **

189.6 *

189.3312 Last

187.8 ***

187.05 **

185.9 **

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