Tanalys

GBP/JPY intraday: key ST resistance at 158.4.

Pivot: 158.4

Our preference: Short positions below 158.4 with targets @ 157.3 156.9 in extension.

Alternative scenario: Above 158.4 look for further upside with 158.85 159.25 as targets.

Comment: as long as 158.4 is resistance, look for choppy price action with a bearish bias.

Key levels

159.25

158.85

158.4

158.053 last

157.3

156.9

156.6

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