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GBP/JPY Intraday: key resistance at 173.4.

GBP/JPY Intraday: key resistance at 173.4.

Pivot: 173.4

Our preference: Short positions below 173.4 with targets @ 172.55 172.1 in extension.

Alternative scenario: Above 173.4 look for further upside with 173.85 174.25 as targets.

Comment: As long as the resistance at 173.4 is not surpassed, the risk of the break below 172.55 remains high.

Supports and resistances:

174.25

173.85

173.4

173.144 Last

172.55

172.1

171.85

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