Tanalys

GBP/JPY intraday: intraday support around 158.2.

Pivot: 158.2

Our preference: Long positions above 158.2 with targets @ 159 159.35 in extension.

Alternative scenario: Below 158.2 look for further downside with 157.65 157.2 as targets.

Comment: a support base at 158.2 has formed and has allowed for a temporary stabilisation.

Key levels

159.95

159.35

159

158.522 last

158.2

157.65

157.2

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