FXstreet.com (Córdoba) - Pound recovery against the Yen found resistance at 142.50. GBP/JPY tumbled during the Asian session to 139.70, posting a fresh 5-month low. From there the pair rebounded and rose back above 142.00 erasing most of the losses.
Currently is trading at 142.30/38, which is only 0.55% below today's opening price. In the last hours GBP/JPY has been moving in a range with support at 141.25 and resistance at 142.50. So far, the pair has fallen almost 1000 pips during September and is heading toward the third consecutive month with losses.