Tanalys

GBP/JPY Intraday: key resistance at 178.35.

Pivot: 178.35

Our preference: Short positions below 178.35 with targets @ 177.1 176.65 in extension.

Alternative scenario: Above 178.35 look for further upside with 179.3 180.1 as targets.

Comment: The upward potential is likely to be limited by the resistance at 178.35.

Supports and resistances:

180.1 ***

179.3 ***

178.35 ***

177.92 Last

177.1 ***

176.65 **

176.1 **

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