Tanalys

GBP/JPY Intraday: key resistance at 185.5.

Pivot: 185.5

Our preference: Short positions below 185.5 with targets @ 183.85 183.35 in extension.

Alternative scenario: Above 185.5 look for further upside with 186.45 187 as targets.

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

187 **

186.45 ***

185.5 ***

184.74 Last

183.85 ***

183.35 ***

182.55 **

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