GBP/JPY: Bearish Reversal After Channel Breakdown
GBP/JPY shows clear signs of a bearish reversal after failing to sustain its upward move within the ascending channel. Price reacted from the upper resistance zone and aligned with key Fibonacci levels (0.786 ā 0.618), confirming a rejection area. The breakdown below the channel support is a strong signal of weakening bullish momentum, followed by…
