Good rally on the GBP/JPY

The Pound rally for today after the comments by The Bank of England governor, Carney. The Pound versus the Yen started the session by finding a good support around the 191.00 level and Monday’s low around the 190.78 level where it made a double bottom on the 15 minute chart. After the comments by Carney, the pair rallies and breaks above the 192.00 level where it complete a breakout and pullback pattern to continue going higher to the 193.00 level. The price is trying to bounce to the downside from the 193.00 level, but the bullish trend seems to be in place. In case of continuing lower, the 192.00 may act as a support. Above the 193.00 level, the 194.00 may act as its next resistance.