Tanalys

GBP/JPY Intraday: key resistance at 179.3.

Pivot: 179.3

Our preference: Short positions below 179.3 with targets @ 177.7 177.1 in extension.

Alternative scenario: Above 179.3 look for further upside with 180.1 180.8 as targets.

Comment: The upward potential is likely to be limited by the resistance at 179.3.

Supports and resistances:

180.8 **

180.1 ***

179.3 ***

178.97 Last

177.7 ***

177.1 ***

176.1 **

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