GBP/JPY technical analysis: Pound challenging critical support at 4-month low against Yen sub-140.00 mark

GBP/JPY daily chart

GBP/JPY is trading in a bear trend below its main simple moving averages (SMAs).

GBP/JPY 4-hour chart

GBP/JPY erased the Brexit-related news seen on Tuesday.

GBP/JPY 30-minute chart

GBP/JPY is trading below its main SMAs suggesting bearish momentum. A break below 139.60 support can lead to 139.00 and 138.50 level to the downside. Resistances are seen at 140.65 and 141.70 levels.

Additional key levels