Tanalys

GBP/JPY intraday: consolidation.

Pivot: 150.35

Our preference: Short positions below 150.35 with targets @ 148.75 148.2 in extension.

Alternative scenario: Above 150.35 look for further upside with 151 151.6 as targets.

Comment: the RSI has struck against a major resistance around 70% and is reversing down.

Key levels

151.6

151

150.35

149.43 last

148.75

148.2

147.6

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