Forex: GBP/JPY tests 141.00 key support

FXstreet.com (San Francisco) - The Sterling is trading lower today against the Japanese Yen with the pair testing the 141.00 support several times after declining around 80 pips from the opening area. Currently the GBP/JPU is trading at 141.25.

With 0.50% losses on the day, the GBP/JPY is trading strongly bearish according to the FXstreet.com forex studies. Indicators such as MACD, CCI and Momentum are bearish while the Stochastic is neutral in the 1-hour chart.

Below the 141.00 level, next supports are at 140.60, 140.00 and 139.10. On the upside, resistances are at 141.50, 141.80 and 142.30.