Tanalys

GBP/JPY intraday: intraday support around 170.4.

Pivot: 170.4

Our preference: Long positions above 170.4 with targets @ 172.15 172.75 in extension.

Alternative scenario: Below 170.4 look for further downside with 169.35 168.35 as targets.

Comment: a support base at 170.4 has formed and has allowed for a temporary stabilisation.

Key levels

173.8

172.75

172.15

171.16 last

170.4

169.35

168.35

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