Currently the pair is trading at 122.95 just below 123.00 level but 0.50% above today's opening price action.

GBP/JPY bounced from a fresh 4-day low of 121.65 printed in early Asia-Pacific trading, and rose above its opening levels during the European morning to record a session high of 123.05 so far this Tuesday.

The surprise easing by the BOJ has sent the JPY lower across the board, after the Bank of Japan announced it will continue to pursue powerful monetary easing by expanding the Asset Purchase Program by 10 trillion yen.

According to Mataf.net: Resistances: 124.1 - 123.3 - 123.05. Supports: 121.4 - 121.8 - 122.45