Tanalys

GBP/JPY Intraday: key resistance at 166.9.

Pivot: 166.9

Our preference: Short positions below 166.9 with targets @ 163.85 162.95 in extension.

Alternative scenario: Above 166.9 look for further upside with 168.2 169.7 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

169.7

168.2

166.9

166.11 Last

163.85

162.95

161.65

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