Tanalys

GBP/JPY Intraday: key resistance at 170.2.

Pivot: 170.2

Our preference: Short positions below 170.2 with targets @ 169.45 169.1 in extension.

Alternative scenario: Above 170.2 look for further upside with 171.05 171.6 as targets.

Comment: The pair is rebounding but remains within a bearish channel.

Supports and resistances:

171.6

171.05

170.2

170.0835 Last

169.45

169.1

168.6

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