Tanalys

GBP/JPY intraday: watch 159.25.

Pivot: 158.3

Our preference: Long positions above 158.3 with targets @ 159.25 159.5 in extension.

Alternative scenario: Below 158.3 look for further downside with 157.85 157.45 as targets.

Comment: the pair remains on the upside and is challenging its resistance.

Key levels

159.95

159.5

159.25

159.157 last

158.3

157.85

157.45

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