FxWirePro: GBP/JPY slumps to 183.20, weak UK manufacturing PMI dents GBP

GBP/JPY hit session lows by 183.20 after a weaker-than-expected UK manufacturing PMI data

• UK August manufacturing PMI dropped to 51.5 from 51.9 in July, missing the estimate of 52.00
   
• Ahead in the day US ISM manufacturing data for August could affect the rate hike bets in the US and impact further direction in the pair
   
• GBP/JPY currently trading around 183.91, paring some of the losses post UK PMI data
   
• Immediate resistance is seen at 184.15 (Aug 26 low), ahead of a major hurdle at 185.00 levels
   
• On the downside, support is seen at 183.21 (Aug 24 low) and further at 180.70 (September 2014 high)