GBP/JPY at 157.28/35 marks a two week level of support which is being tested for the fifth time as yen buying comes to the fore.
GBP/JPY h4 chart 03 10 2013
A break below would open up the September low at 156.65 an also the 38.2 fib from the 28 Aug/Sep lo/hi at 156.33.
EUR/JPY is falling towards the broken May resistance line and the 55 dma at 131.35 where it found support on the 30th September.
EUR/JPY daily chart 03 10 2013
At the moment GBP/JPY is holding, but the pressure is on from both USD/JPY and cable looking weak at the moment and both look ready to break down.
