Tanalys

GBP/JPY Intraday: continuation of the rebound.

Pivot: 171.75

Our preference: Long positions above 171.75 with targets @ 172.65 173 in extension.

Alternative scenario: Below 171.75 look for further downside with 171.2 170.9 as targets.

Comment: Technically the RSI is above its neutrality area at 50. The pair breaks above a bearish trend line.

Supports and resistances:

173.3

173

172.65

172.27 Last

171.75

171.2

170.9

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