Tanalys

GBP/JPY Intraday: key resistance at 172.65.

Pivot: 172.65

Our preference: Short positions below 172.65 with targets @ 171.6 171.2 in extension.

Alternative scenario: Above 172.65 look for further upside with 173.35 174.05 as targets.

Comment: The RSI has broken down its 30 level. The pair remains under pressure and is breaking below its support.

Supports and resistances:

174.05

173.35

172.65

172.27 Last

171.6

171.2

170.4

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