Tanalys

GBP/JPY Intraday: intraday support around 168.8.

Pivot: 168.8

Our preference: Long positions above 168.8 with targets @ 169.7 170.05 in extension.

Alternative scenario: Below 168.8 look for further downside with 168.35 168 as targets.

Comment: a support base at 168.8 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

170.5

170.05

169.7

169.02 Last

168.8

168.35

168

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