Tanalys

GBP/JPY Intraday: key resistance at 194.5.

Pivot: 194.5

Our preference: Short positions below 194.5 with targets @ 193.4 192.7 in extension.

Alternative scenario: Above 194.5 look for further upside with 195.05 195.4 as targets.

Comment: As long as the resistance at 194.5 is not surpassed, the risk of the break below 193.4 remains high.

Supports and resistances:

195.4 **

195.05 ***

194.5 ***

193.93 Last

193.4 ***

192.7 ***

191.95 ***

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