Tanalys

GBP/JPY Intraday: key resistance at 171.1.

Pivot: 171.1

Our preference: short positions below 171.1 with targets @ 169.3 168.5 in extension.

Alternative scenario: above 171.1 look for further upside with 171.7 172.3 as targets.

Comment: as long as the resistance at 171.1 is not surpassed, the risk of the break below 169.3 remains high.

Supports and resistances:

172.3 ***

171.7 ***

171.1 ***

170.18 Last

169.3 ***

168.5 **

167.8 **

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