Tanalys

GBP/JPY Intraday: key resistance at 176.35.

Pivot: 176.35

Our preference: short positions below 176.35 with targets @ 175 174.5 in extension.

Alternative scenario: above 176.35 look for further upside with 176.9 177.5 as targets.

Comment: as long as 176.35 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

177.5 ***

176.9 ***

176.35 ***

175.81 Last

175 **

174.5 **

174.05 **

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