Tanalys

GBP/JPY intraday: the upside prevails.

Pivot: 150

Our preference: Long positions above 150 with targets @ 152.15 153.05 in extension.

Alternative scenario: Below 150 look for further downside with 149.15 147.8 as targets.

Comment: the pair remains on the upside and is approaching its previous high, the RSI is reversing up.

Key levels

153.65

153.05

152.15

151.782 last

150

149.15

147.8

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