Tanalys

GBP/JPY intraday: limited upside.

Pivot: 150.6

Our preference: Long positions above 150.6 with targets @ 152.15 152.55 in extension.

Alternative scenario: Below 150.6 look for further downside with 149.6 148.6 as targets.

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

Key levels

153.05

152.55

152.15

151.275 last

150.6

149.6

148.6

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version