Tanalys

GBP/JPY Intraday: intraday support around 185.95.

Pivot: 185.95

Our preference: Long positions above 185.95 with targets @ 187.45 187.95 in extension.

Alternative scenario: Below 185.95 look for further downside with 185.35 184.5 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

188.6 ***

187.95 **

187.45 **

187.1965 Last

185.95 **

185.35 ***

184.5 ***

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