Tanalys

GBP/JPY Intraday: key resistance at 167.5.

Pivot: 167.5

Our preference: Short positions below 167.5 with targets @ 165 163.85 in extension.

Alternative scenario: Above 167.5 look for further upside with 168.2 169.7 as targets.

Comment: the upward potential is likely to be limited by the resistance at 167.5.

Supports and resistances:

169.7

168.2

167.5

166.38 Last

165

163.85

162.95

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