The pair is still on a lateral trend, trading at 149.77 yens per pound, right now. The bands of Bollinger show a 70 pips volatility in the hour, while the RSI is on a neutral zone. The MACD shows selling signs, right now.For the rest of the week, traders will wait for the BoE's minutes. If the central bank raises the toxic asset purchase program again, the sterling could decline against the yen.
The support to watch for is at 149.00, while the resistance is found at 150.05 yens per pound.