Tanalys

GBP/JPY Intraday: consolidation in place.

Pivot: 173.45

Our preference: Short positions below 173.45 with targets @ 172.55 172.35 in extension.

Alternative scenario: Above 173.45 look for further upside with 173.75 174.1 as targets.

Comment: As long as 173.45 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

174.1

173.75

173.45

172.9484 Last

172.55

172.35

171.9

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