Tanalys

GBP/JPY Intraday: key resistance at 176.

Pivot: 176

Our preference: Short positions below 176 with targets @ 174.3 173.5 in extension.

Alternative scenario: Above 176 look for further upside with 176.65 177.1 as targets.

Comment: The upward potential is likely to be limited by the resistance at 176.

Supports and resistances:

177.1

176.65

176

175.53 Last

174.3

173.5

173

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