Tanalys

GBP/JPY ST: turning down.

Pivot: 191

Our preference: Short positions below 191 with targets @ 179.4 175 in extension.

Alternative scenario: Above 191 look for further upside with 196 201.6 as targets.

Comment: The RSI is badly directed.

Supports and resistances:

201.6 **

196 ***

191 ***

183.5250 Last

179.4 ***

175 ***

169.5 ***

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