Tanalys

GBP/JPY intraday: key ST resistance at 157.85.

Pivot: 157.85

Our preference: Short positions below 157.85 with targets @ 156.9 156.55 in extension.

Alternative scenario: Above 157.85 look for further upside with 158.25 158.8 as targets.

Comment: the pair has struck against its resistance and remains under pressure.

Key levels

158.8

158.25

157.85

157.559 last

156.9

156.55

156.15

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