Tanalys

GBP/JPY Intraday: consolidation.

Pivot: 169

Our preference: Long positions above 169 with targets @ 170.8 171.2 in extension.

Alternative scenario: Below 169 look for further downside with 168.35 167.9 as targets.

Comment: the next resistances are at 170.8 and then at 171.2.

Supports and resistances:

171.75

171.2

170.8

169.92 Last

169

168.35

167.9

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