Tanalys

GBP/JPY intraday: key ST resistance at 157.95.

Pivot: 157.95

Our preference: Short positions below 157.95 with targets @ 157.2 156.65 in extension.

Alternative scenario: Above 157.95 look for further upside with 158.3 158.75 as targets.

Comment: the upward potential is likely to be limited by the resistance at 157.95.

Key levels

158.75

158.3

157.95

157.73 last

157.2

156.65

156.15

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