GBP/JPY intraday: the upside prevails.Pivot: 124.9 Our preference: Long positions above 124.9 with targets @ 125.8 & 126.15 in extension. Alternative scenario: Below 124.9 look for further downside with 124.65 & 124.35 as targets. Comment: the pair is on the upside and is challenging its resistance.

Pivot:124.9

Our preference: Long positions above 124.0 with targets @ 125.8 & 126.15 in extension.

Alternative scenario: Below 124.9 look for further downside with 124.65 & 124.35 as targets.

Comment: the pair is on the upside and is challenging its resistance.