The BOE held the rate at 0.25% as expected, but the statement has been bullish and the GBP/JPY spiked from the support breaking the neckline of inverted head and shoulders pattern. The trend seems to be strong as the price is above both W H3 and D H3. The POC 141.40-60 could spike the price again if the pair drops to the zone (23.6, ATR pivot, W H3). Break of 142.33 aims for a breakout towards 142.77 and 143.15. However, the break of 141.35 to the downside might spur a deeper retracement and interim bullish scenario for this day might be negated.
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W L3 - Weekly Camarilla Pivot (Weekly Interim Support)
W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)
D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Daily Camarilla Pivot (Daily Support)
D L4 – Daily H4 Camarilla (Very Strong Daily Support)