Tanalys

GBP/JPY intraday: further advance.

Pivot: 140.9

Our preference: Long positions above 140.9 with targets @ 142.4 143 in extension.

Alternative scenario: Below 140.9 look for further downside with 140.4 140.1 as targets.

Comment: the pair has broken above its resistance and should post further advance as the RSI is well directed.

Key levels

143.4

143

142.4

142.25 last

140.9

140.4

140.1

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