Tanalys

GBP/JPY Intraday: bullish bias above 194.4.

Pivot: 194.4

Our preference: Long positions above 194.4 with targets @ 195.85 196.5 in extension.

Alternative scenario: Below 194.4 look for further downside with 193.2 192.6 as targets.

Comment: A support base at 194.4 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

197.1 *

196.5 *

195.85 **

195.2600 Last

194.4 ***

193.2 **

192.6 **

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