The Pound declined slightly against the yen yesterday yet the pair managed to close above the 38.2% correctional level at 205.68 and is trading around this level now, the pair must consolidate for a while before start rising noticeably, since the momentum indicators are showing the pair needs a slight correction on intraday basis in order to successfully breach the 206.15 resistance level which would lead the pair up to the 207.35 at least, while the point at 204.53 offers strong demand for the pair should the 205.68 be breached.