Tanalys

GBP/JPY Intraday: key resistance at 194.95.

Pivot: 194.95

Our preference: Short positions below 194.95 with targets @ 193.8 193.5 in extension.

Alternative scenario: Above 194.95 look for further upside with 195.5 195.9 as targets.

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

Supports and resistances:

195.9 **

195.5 ***

194.95 ***

194.42 Last

193.8 ***

193.5 ***

193.22 ***

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