Tanalys

GBP/JPY Intraday: capped by a negative trend line.

Pivot: 168.4

Our preference: Short positions below 168.4 with targets @ 167.25 166.6 in extension.

Alternative scenario: Above 168.4 look for further upside with 169.8 170.9 as targets.

Comment: as long as the resistance at 168.4 is not surpassed, the risk of the break below 167.25 remains high.

Supports and resistances:

170.9

169.8

168.4

167.675 Last

167.25

166.6

165.75

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