Tanalys

GBP/JPY Intraday: further upside.

Pivot: 168.25

Our preference: Long positions above 168.25 with targets @ 170.3 171.35 in extension.

Alternative scenario: Below 168.25 look for further downside with 167.1 166.25 as targets.

Comment: the RSI is bullish and calls for further upside. The pair has broken above its previous high and remains on the upside.

Supports and resistances:

172.2

171.35

170.3

170.19 Last

168.25

167.1

166.25

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version