FXStreet (Mumbai) - Sterling was offered across the board after the BOE took a surprisingly dovish stance, pushing the GBP/JPY pair lower for the first time in seven days. Drops below hourly 100-MA The cross now trades below its hourly 100-MA located at 186.45. The Bank of England vote count remained unchanged at 8-1, while it lowered its GDP and CPI forecasts lowered and also expressed concern regarding the strength in sterling. Carney delivered a major blow by expressing a willingness to cut rates and extend QE if downside risks materialize. The pair is now trading around 186.30 after having hit a low of 186.00. GBP/JPY Technical Levels The immediate resistance is seen at 186.45 (hourly 100-MA) and 186.84 (hourly 50-MA), above which the pair could test 187.69 (daily high). On the downside, support is seen at 185.79 (200-DMA), under which the pair could drop to 184.32 (50% of 180.36-188.28). For more information, read our latest forex news.