Tanalys

GBP/JPY Intraday: key resistance at 172.2.

Pivot: 172.2

Our preference: Short positions below 172.2 with targets @ 171.15 170.9 in extension.

Alternative scenario: Above 172.2 look for further upside with 172.5 173 as targets.

Comment: The upward potential is likely to be limited by the resistance at 172.2.

Supports and resistances:

173

172.5

172.2

171.88 Last

171.15

170.9

170.5

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