Tanalys

GBP/JPY Intraday: bullish bias above 194.75.

Pivot: 194.75

Our preference: Long positions above 194.75 with targets @ 195.5 195.85 in extension.

Alternative scenario: Below 194.75 look for further downside with 194 193.45 as targets.

Comment: The break above 194.75 is a positive signal that has opened a path to 195.5.

Supports and resistances:

196.2 *

195.85 *

195.5 ***

195.1189 Last

194.75 **

194 *

193.45 *

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