Tanalys

GBP/JPY intraday: key ST resistance at 156.1.

Pivot: 156.1

Our preference: Short positions below 156.1 with targets @ 154.6 154.1 in extension.

Alternative scenario: Above 156.1 look for further upside with 156.65 157.35 as targets.

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

Key levels

157.35

156.65

156.1

155.529 last

154.6

154.1

153.65

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