It's not just cable hanging in the balance as GBPJPY eyes August support

It's all about the quid today

EURUSD stuck between 1.1220/40, USDJPY stuck between 101.30/40, even EURJPY only has a has a 25 pip range.

However, GBPJPY has yet to follow cable through its August lows and with EURGBP struggling at the days highs, there's still some supporting factors for the pound left to break.

GBPJPY H4 chart

For cable, this second move below 1.2870 looks ominous but it may need a bit of help from the crosses still. If the low goes here in the Gippy that might be one of the straws to break this camel's back.