Tanalys

GBP/JPY Intraday: key resistance at 183.2.

Pivot: 183.2

Our preference: Short positions below 183.2 with targets @ 181 179.85 in extension.

Alternative scenario: Above 183.2 look for further upside with 184.3 185.4 as targets.

Comment: As long as 183.2 is resistance, look for choppy price action with a bearish bias. The pair has broken below its support and remains under pressure.

Supports and resistances:

185.4

184.3

183.2

182.5 Last

181

179.85

178.3

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version