Just as USD/JPY pokes its snout above 102 by a pip the pound takes another little trip lower to 1.6947.

GBP/JPY is still holding on to the 172.85 level and EUR/GBP is still trying to crack 0.7925

GBP/JPY is facing the 55 dma at 172.58 and the meeting of the Feb 2013 & 2014 support lines

GBP/JPY Daily chart 29 07 2014

GBP/JPY Daily chart 29 07 2014