Tanalys

GBP/JPY Intraday: key resistance at 177.1.

Pivot: 177.1

Our preference: Short positions below 177.1 with targets @ 175.5 175 in extension.

Alternative scenario: Above 177.1 look for further upside with 177.7 178.55 as targets.

Comment: As long as 177.1 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

178.55 ***

177.7 ***

177.1 ***

176.9195 Last

175.5 **

175 **

174.6 *

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