Tanalys

GBP/JPY intraday: intraday support around 172.6.

Pivot: 172.6

Our preference: Long positions above 172.6 with targets @ 173.95 174.7 in extension.

Alternative scenario: Below 172.6 look for further downside with 172 171.4 as targets.

Comment: a support base at 172.6 has formed and has allowed for a temporary stabilisation.

Key levels

175.55

174.7

173.95

172.887 last

172.6

172

171.4

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