GBP/JPY intraday: capped by a negative trend line.
Update on supports and resistances.
Pivot: 121.75
Our preference: Short positions below 121.75 with targets @ 120.75 &
120.3 in extension.
Alternative scenario: Above 121.75 look for further upside with 122.65
& 123 as targets.
Comment: as long as 121.75 is resistance, likely decline to 120.75.
Key levels
123
122.65
121.75
121.316 last
120.75
120.3
119.75
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