Tanalys

GBP/JPY intraday: break of a ST rising trendline support.

Pivot: 156.5

Our preference: Short positions below 156.5 with targets @ 155.35 154.95 in extension.

Alternative scenario: Above 156.5 look for further upside with 157.15 157.4 as targets.

Comment: the RSI has just broken below a rising trend line.

Key levels

157.4

157.15

156.5

155.798 last

155.35

154.95

154.5

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