Tanalys

GBP/JPY Intraday: intraday support around 172.7.

Pivot: 172.7

Our preference: Long positions above 172.7 with targets @ 173.55 174.1 in extension.

Alternative scenario: Below 172.7 look for further downside with 172.35 171.9 as targets.

Comment: A support base at 172.7 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

174.55

174.1

173.55

173.284 Last

172.7

172.35

171.9

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