Tanalys

GBP/JPY Intraday: key resistance at 171.55.

Pivot: 171.55

Our preference: Short positions below 171.55 with targets @ 169.5 168.8 in extension.

Alternative scenario: Above 171.55 look for further upside with 172 172.7 as targets.

Comment: As long as 171.55 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

172.7

172

171.55

170.74 Last

169.5

168.8

168.05

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