Tanalys

GBP/JPY intraday: key ST resistance at 158.2.

Pivot: 158.2

Our preference: Short positions below 158.2 with targets @ 157 156.55 in extension.

Alternative scenario: Above 158.2 look for further upside with 159.25 159.95 as targets.

Comment: the upward potential is likely to be limited by the resistance at 158.2.

Key levels

159.95

159.25

158.2

157.94 last

157

156.55

156.15

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