GBP/JPY Intraday: key resistance at 169.6.
Pivot: 169.6
Our preference: Short positions below 169.6 with targets @ 167.7 167.1 in extension.
Alternative scenario: Above 169.6 look for further upside with 170 170.5 as targets.
Comment: as long as the resistance at 169.6 is not surpassed, the risk of the break below 167.7 remains high.
Supports and resistances:
170.5
170
169.6
168.8366 Last
167.7
167.1
166.25
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