Tanalys

GBP/JPY Intraday: bullish bias above 195.

Pivot: 195

Our preference: Long positions above 195 with targets @ 195.85 196.5 in extension.

Alternative scenario: Below 195 look for further downside with 194.6 194.4 as targets.

Comment: The RSI broke above a bearish trend line.

Supports and resistances:

197.25 *

196.5 *

195.85 ***

195.3250 Last

195 ***

194.6 **

194.4 **

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