Tanalys

GBP/JPY Intraday: key resistance at 173.25.

Pivot: 173.25

Our preference: Short positions below 173.25 with targets @ 172.6 172.35 in extension.

Alternative scenario: Above 173.25 look for further upside with 173.55 174.1 as targets.

Comment: As long as 173.25 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

174.1

173.55

173.25

173.1414 Last

172.6

172.35

171.9

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