Tanalys

GBP/JPY intraday: key ST resistance at 155.9.

Pivot: 155.9

Our preference: Short positions below 155.9 with targets @ 154.95 154.5 in extension.

Alternative scenario: Above 155.9 look for further upside with 156.5 156.65 as targets.

Comment: as long as 155.9 is resistance, look for choppy price action with a bearish bias.

Key levels

156.65

156.5

155.9

155.31 last

154.95

154.5

154

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