GBP/JPY intraday: caution.
Update on supports and resistances.
Pivot: 123.05
Our preference: Long positions above 123.05 with targets @ 124 &
124.25 in extension.
Alternative scenario: Below 123.05 look for further downside with
122.7 & 122.45 as targets.
Comment: the pair is pulling back on its support, the RSI calls for caution.
Key levels
124.5
124.25
124
123.207 last
123.05
122.7
122.45
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