Tanalys

GBP/JPY Intraday: key resistance at 181.

Pivot: 181

Our preference: Short positions below 181 with targets @ 179.7 179 in extension.

Alternative scenario: Above 181 look for further upside with 181.7 182.7 as targets.

Comment: As long as 181 is resistance, look for choppy price action with a bearish bias. The pair stands below its resistance and remains under pressure.

Supports and resistances:

182.7 **

181.7 **

181 **

180.63 Last

179.7 ***

179 ***

178.2 **

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