Tanalys

GBP/JPY Intraday: key resistance at 177.55.

Pivot: 177.55

Our preference: Short positions below 177.55 with targets @ 176.45 176 in extension.

Alternative scenario: Above 177.55 look for further upside with 178.3 179.3 as targets.

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

179.3 ***

178.3 ***

177.55 ***

177.12 Last

176.45 ***

176 ***

175.45 **

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