Tanalys

GBP/JPY intraday: key ST resistance at 156.65.

Pivot: 156.65

Our preference: Short positions below 156.65 with targets @ 155.3 154.6 in extension.

Alternative scenario: Above 156.65 look for further upside with 157.35 157.8 as targets.

Comment: the upward potential is likely to be limited by the resistance at 156.65.

Key levels

157.8

157.35

156.65

156.385 last

155.3

154.6

153.65

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