GBP/JPY Targets Past 210.920 as Levels Matter

Research preview

Fundamental Calendar UTC Currency Event Impact Actual Consensus Previous 03 Aug 08:30 UTC GBP S&P Global UK Manufacturing PMI PMI, Mfg MEDIUM 51.9 52.8 52.5 Executive Market Read GBPJPY is trading near 211.093 with a balanced enough to require discipline around entries profile; the key issue is not the first move, but whether the next close confirms follow-through. Price is trading below the daily pivot at 213.462, which leaves the first read vulnerable unless the pivot is reclaimed. The working support band is 210.920 / 210.753 / 210.609, while the resistance band is 211.309 / 212.503 / 212.778. Daily R1 at 215.008 and S1 at 210.599 define the first tactical...