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Forex: GBP/JPY tests 140.45

FXstreet.com (San Francisco) - The Sterling has continued today with its decline against the Japanese Yen and after falling around 100 pips since the intra-day high at 141.50, reached in the European session, the GBP/JPY is testing the 140.45 support.

The GBP/JPY is currently trading at 140.60, 0.35% negative on the day. Pair is slightly bearish according to the Fxstreet.com forex studies. Indicators such as MACD, CCI and Momentum are bearish, while the Stochastic is bullish in the 1-hour chart.

Below the 140.45 level, next supports are at 140.00 psychology level and 139.80/90 area (Jan 22 and 24 lows and Feb 25 high). Resistances are at 140.70/80 area, 141.00 and 414.50.

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