Tanalys

GBP/JPY Intraday: key resistance at 175.45.

Pivot: 175.45

Our preference: short positions below 175.45 with targets @ 174.05 173.6 in extension.

Alternative scenario: above 175.45 look for further upside with 176.15 176.9 as targets.

Comment: the upward potential is likely to be limited by the resistance at 175.45.

Supports and resistances:

176.9 ***

176.15 ***

175.45 ***

174.83 Last

174.05 **

173.6 **

173 **

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