Tanalys

GBP/JPY Intraday: intraday support around 169.6.

Pivot: 169.6

Our preference: Long positions above 169.6 with targets @ 170.7 171.3 in extension.

Alternative scenario: Below 169.6 look for further downside with 169 168.25 as targets.

Comment: a support base at 169.6 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

171.6

171.3

170.7

169.96 Last

169.6

169

168.25

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