Tanalys

GBP/JPY Intraday: key resistance at 188.6.

Pivot: 188.6

Our preference: Short positions below 188.6 with targets @ 187.35 186.65 in extension.

Alternative scenario: Above 188.6 look for further upside with 189.2 189.75 as targets.

Comment: As long as 188.6 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

189.75 *

189.2 **

188.6 ***

188.15 Last

187.35 ***

186.65 ***

186 ***

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