Tanalys

GBP/JPY Intraday: under pressure.

Pivot: 172.10

Our preference: Short positions below 172.10 with targets @ 171.15 170.75 in extension.

Alternative scenario: Above 172.10 look for further upside with 173.1 173.8 as targets.

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

Supports and resistances:

173.8

173.1

172.10

171.32 Last

171.15

170.75

170.3

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