Tanalys

GBP/JPY Intraday: key resistance at 193.75.

Pivot: 193.75

Our preference: Short positions below 193.75 with targets @ 193 192.45 in extension.

Alternative scenario: Above 193.75 look for further upside with 194.25 194.6 as targets.

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

Supports and resistances:

194.6 ***

194.25 ***

193.75 ***

193.51 Last

193 ***

192.45 ***

191.9 ***

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