Tanalys

GBP/JPY intraday: key ST resistance at 153.1.

Pivot: 153.1

Our preference: Short positions below 153.1 with targets @ 151.9 151.45 in extension.

Alternative scenario: Above 153.1 look for further upside with 153.55 154.05 as targets.

Comment: as long as 153.1 is resistance, look for choppy price action with a bearish bias.

Key levels

154.05

153.55

153.1

152.587 last

151.9

151.45

151.1

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