Tanalys

GBP/JPY intraday: intraday support around 169.8.

Pivot: 169.8

Our preference: Long positions above 169.8 with targets @ 171.1 171.8 in extension.

Alternative scenario: Below 169.8 look for further downside with 169.3 168.35 as targets.

Comment: a support base at 169.8 has formed and has allowed for a temporary stabilisation.

Key levels

172.6

171.8

171.1

170.06 last

169.8

169.3

168.35

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