Tanalys

GBP/JPY Intraday: key resistance at 194.75.

Pivot: 194.75

Our preference: Short positions below 194.75 with targets @ 193.8 193.45 in extension.

Alternative scenario: Above 194.75 look for further upside with 195 195.5 as targets.

Comment: As long as 194.75 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

195.5 *

195 *

194.75 *

194.2950 Last

193.8 **

193.45 *

192.95 *

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