GBP/JPY Technical Analysis: Plummets to 1-week lows, now seems poised to test sub-144.00 level

   •  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