Tanalys

GBP/JPY Intraday: key resistance at 178.55.

Pivot: 178.55

Our preference: Short positions below 178.55 with targets @ 177.15 176.15 in extension.

Alternative scenario: Above 178.55 look for further upside with 179.45 180.2 as targets.

Comment: The upward potential is likely to be limited by the resistance at 178.55.

Supports and resistances:

180.2 **

179.45 ***

178.55 ***

178.24 Last

177.15 **

176.15 **

175.2 **

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