Tanalys

GBP/JPY intraday: turning down.

Pivot: 156.75

Our preference: Short positions below 156.75 with targets @ 154.95 154.1 in extension.

Alternative scenario: Above 156.75 look for further upside with 158 158.5 as targets.

Comment: technically, the RSI is below its neutrality area at 50.

Key levels

158.5

158

156.75

155.658 last

154.95

154.1

153.2

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