Tanalys

GBP/JPY intraday: key ST resistance at 153.25.

Pivot: 153.25

Our preference: Short positions below 153.25 with targets @ 151.9 151.6 in extension.

Alternative scenario: Above 153.25 look for further upside with 153.6 154.05 as targets.

Comment: as long as 153.25 is resistance, look for choppy price action with a bearish bias.

Key levels

154.05

153.6

153.25

152.639 last

151.9

151.6

150.9

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