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.
