Tanalys

GBP/JPY Intraday: key resistance at 168.25.

Pivot: 168.25

Our preference: short positions below 168.25 with targets @ 166.2 165.45 in extension.

Alternative scenario: above 168.25 look for further upside with 169 169.85 as targets.

Comment: as long as 168.25 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

169.85 ***

169 ***

168.25 ***

167.29 Last

166.2 **

165.45 **

164.6 **

Copyright 1999 – 2016 TRADING CENTRAL

Exit mobile version