Tanalys

GBP/JPY Intraday: key resistance at 174.55.

Pivot: 174.55

Our preference: Short positions below 174.55 with targets @ 173.75 173.35 in extension.

Alternative scenario: Above 174.55 look for further upside with 175.15 175.35 as targets.

Comment: As long as 174.55 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

175.35

175.15

174.55

174.366 Last

173.75

173.35

172.85

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version