The GBP/JPY steadies on Friday, snapping a four-day losing streak after sliding to its lowest level since August 7 on Thursday. At the time of writing, the cross is holding firm near the 198.00 handle, easing back from an intraday high around 198.55. The British Pound (GBP), however, struggled to capitalize on the Yen’s weakness as the latest UK Purchasing Managers Index (PMI) figures signaled slowing economic momentum. From a technical perspective, GBP/JPY is attempting to stabilize above the 198.00 mark after a sharp pullback this week. Meanwhile, the Average Directional Index (ADX), hovering near 30.5, indicates that the recent downtrend retains moderate strength despite the current pause.