Tanalys

GBP/JPY intraday: key ST resistance at 165.3.

Pivot: 165.3

Our preference: Short positions below 165.3 with targets @ 163.25 162.45 in extension.

Alternative scenario: Above 165.3 look for further upside with 166 166.9 as targets.

Comment: the RSI is bearish and calls for further decline.

Key levels

166.9

166

165.3

163.847 last

163.25

162.45

161.7

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