Tanalys

GBP/JPY intraday: intraday support around 157.3.

Pivot: 157.3

Our preference: Long positions above 157.3 with targets @ 158.25 158.8 in extension.

Alternative scenario: Below 157.3 look for further downside with 156.9 156.55 as targets.

Comment: a support base at 157.3 has formed and has allowed for a temporary stabilisation.

Key levels

159.5

158.8

158.25

157.57 last

157.3

156.9

156.55

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