GBP/JPY Intraday: bullish bias above 204.15.
Pivot: 204.15
Our preference: long positions above 204.15 with targets at 206.30 & 206.85 in extension.
Alternative scenario: below 204.15 look for further downside with 203.50 & 202.80 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
207.60
206.85
206.30
205.32 Last
204.15
203.50
202.80
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