Tanalys

GBP/JPY Intraday: key resistance at 179.

Pivot: 179

Our preference: short positions below 179 with targets @ 178.1 177.85 in extension.

Alternative scenario: above 179 look for further upside with 179.55 180.05 as targets.

Comment: as long as 179 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

180.05 ***

179.55 ***

179 ***

178.63 Last

178.1 **

177.85 **

177.3 **

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