Tanalys

GBP/JPY Intraday: rebound expected.

Pivot: 170.15

Our preference: Long positions above 170.15 with targets @ 171 171.8 in extension.

Alternative scenario: Below 170.15 look for further downside with 169.9 169.65 as targets.

Comment: A support base at 170.15 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

172.35

171.8

171

170.409 Last

170.15

169.9

169.65

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