FX.co ★ Intraday trading recommendations on GBP/JPY for September 02, 2014

The pair came out of the 2-month descending trend line, closed above that and closed above 50Dsma in the daily chart. It shows, the bulls have an upper hand. The pair can touch the 174.20 and 174.35 levels until its prices closes above 173.14. The pair has support at 173.14, 172.70, and 172.55 levels. Use a dip to buy.