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.
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