Tanalys

GBP/JPY Intraday: further advance.

Pivot: 167.45

Our preference: Long positions above 167.45 with targets @ 168.8 169.36 in extension.

Alternative scenario: Below 167.45 look for further downside with 167.1 166.4 as targets.

Comment: The pair is rebounding and is breaking above its resistance.

Supports and resistances:

169.85

169.36

168.8

168.39 Last

167.45

167.1

166.4

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