Tanalys

GBP/JPY Intraday: key resistance at 170.7.

Pivot: 170.7

Our preference: Short positions below 170.7 with targets @ 169 168.25 in extension.

Alternative scenario: Above 170.7 look for further upside with 171.3 171.6 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:

171.6

171.3

170.7

170.4 Last

169

168.25

167.5

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