Forex: GBP/JPY falls to 144.00

The Sterling is trading under pressure on Tuesday and against the Japanese yen is not the exception. The GBP/JPY fell around 100 pips in the American session from 144.95 to trade at intra-day lows at 1143.85 where the pair has found support.

Currently the GBP/JPY is trading at 144.25 on recovery mode, still 0.71% negative on the day. MACD, CCI and Momentum are bearish while the Stochastic is bullish in the 1-hour chart. On the 15-minute timeframe, CCI and Momentum are bullish.

On Tuesday, the British currency weakened to fresh lows against its major competitors amid speculations and rumors S&P could downgrade the UK 'AAA' rating.