Tanalys

GBP/JPY Intraday: the downside prevails.

Pivot: 166.85

Our preference: Short positions below 166.85 with targets @ 164.4 163.6 in extension.

Alternative scenario: Above 166.85 look for further upside with 167.65 168.25 as targets.

Comment: the immediate trend remains down and the momentum is strong.

Supports and resistances:

168.25

167.65

166.85

165.15 Last

164.4

163.6

162.95

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