Forex: GBP/JPY falls to test 1-week lows at 140.50

FXstreet.com (San Francisco) - The Sterling is currently trading under pressure and against the Japanese Yen is not the exception. After falling from 141.75 to reach the lowest level since January 9th at 140.50, the GBPJPY attempted a recover but the bullish movement was capped at 141.70, where the pair was launched towards 1-week lows again.

Currently the GBPJPY is pricing 1.23% down on the day from opening price action to the current 140.85. Bellow 140.50, next supports could come at 140.00 and the Jan. 8th low at 139.40.

On the bull side, next resistance come at 141.70, 142.00 (200 hours MA), and the 142.30.