“¢ The cross remained heavily offered for the second consecutive session on Tuesday and tumbled to one-week lows, around mid-144.00s in the last hour.
“¢ Sustained weakness below the key 145.00 psychological mark – coinciding with 200-hour SMA, was seen as a key trigger for intraday bearish traders.
“¢ Oscillators on 4-hourly/daily charts have again started gaining negative momentum and support prospects for a further near-term depreciating move.
“¢ Hence, a follow-through weakness, towards testing sub-144.00 level (the 143.75-70 important horizontal support) now looks a distinct possibility.
GBP/JPY 1-hourly chart
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