FXstreet.com (Barcelona) - The GBP/JPY has reacted high after the BoE decision to leave unchanged its rate decision and its QE program. Pound has risen around 100 pips from 151.90 to break MA55 level at 152.30 and test 152.90 resistance in the first minutes following BoE statement.
Currently the pair is trading around 152.50/60, 0.25% above today's opening price action at 152.16.
Valeria Bednarik, FXstreet.com collaborator, comments in the Fxstreet.com's BoE Live Coverage: GBP/JPY is ranging, not clear direction now in the long term. Probably of couse rising now but not that much. If USDGBP lost 1.6550 now, we are way down.