GBP/JPY Daily OutlookBritish Pound vs Japanese YenFUSIONMARKETS:GBPJPYFusionMarketsGBP/JPY has broken below the channel, weakening the previous bullish structure. Price is now attempting to recover towards the underside of that former support, which could act as resistance. A bearish rejection from this retest area would favour another move lower, while a strong move back above the trendline would reduce the bearish outlook.