GBP/JPY: Bearish Reversal After Channel BreakdownGBP/JPYOANDA:GBPJPYfullpriceactionGBP/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 – 0.618), confirming a rejection area. The breakdown below the channel support is a strong signal of weakening bullish momentum, followed by a sharp impulsive move downward. Currently, price is attempting a minor pullback, but it remains below key resistance levels, suggesting sellers are still in control. As long as the pair stays under the 212.50–213.00 zone, the bearish scenario remains valid, with a potential continuation toward the 207.00 support area, which represents a significant liquidity zone. A short-term bounce may occur, but the overall structure favors further downside.