The GBP/JPY showed a minor pullback despite mixed UK PMI data. It hit an intraday low of 198.12 and is currently trading around 198.74. Intraday trend is neutral as long as the resistance at 199 holds.
Released at 8:30 a.m. GMT on August 21, 2025, the UK flash PMI data shows a great contrast between industries: driven by strong domestic and international demand, the Services PMI surged to 53.6, eclipsing projections of 51.8 and marking the fastest growth in a year; the Manufacturing PMI, however, fell from 48.0 to 47.3, indicating continuous contraction and difficulties in the manufacturing sector.
The pair is trading below the 55 and 200 EMA and above the 365 EMA (long-term) on the 1-hour chart, confirming a mixed trend. Any violation below 197.80 indicates the intraday trend is weak. A dip to 196.70/196.20/195is possible. Immediate resistance is at 199, a breach above this level targets 199.45/200/200.28/202.
Market Indicators ( 1-hour chart)
CCI (50)- Bearish
Directional movement index - Neutral
Trading Strategy: Buy
It is good to buy above 199 with SL around 198 for a TP of 202/202.98


Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: GBP/AUD downtrend extends ,eyes 23.6%fib support
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: EUR/CAD tumbles as strong Canadian jobs data fuels BoC rate-hike bets
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro: EUR/AUD force is with bears as pair hits low since June 11th
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD slide lower shifts pressure to the downside
FxWirePro- Major Pair levels and bias summary 



