Tanalys

GBP/JPY Intraday: key resistance at 177.8.

Pivot: 177.8

Our preference: Short positions below 177.8 with targets @ 176.45 176 in extension.

Alternative scenario: Above 177.8 look for further upside with 178.45 178.9 as targets.

Comment: The upward potential is likely to be limited by the resistance at 177.8.

Supports and resistances:

178.9 **

178.45 ***

177.8 ***

177.47 Last

176.45 **

176 ***

175.45 ***

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