Tanalys

GBP/JPY Intraday: key resistance at 178.4.

Pivot: 178.4

Our preference: Short positions below 178.4 with targets @ 176 175.15 in extension.

Alternative scenario: Above 178.4 look for further upside with 179.6 180.1 as targets.

Comment: The upward potential is likely to be limited by the resistance at 178.4.

Supports and resistances:

180.1 **

179.6 ***

178.4 **

177.84 Last

176 *

175.15 ***

173.85 **

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