Tanalys

GBP/JPY Intraday: key resistance at 174.75.

Pivot: 174.75

Our preference: Short positions below 174.75 with targets @ 173.5 172.9 in extension.

Alternative scenario: Above 174.75 look for further upside with 175.9 176.6 as targets.

Comment: As long as 174.75 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

176.6

175.9

174.75

174.3858 Last

173.5

172.9

172

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