GBPJPY Breakdown: Is a Deeper Correction Beginning?Great British Pound vs. Japanese YenFX:GBPJPYpejman_zwinGBPJPY(GBPJPY) started to decline after reacting to the upper boundary of the Ascending Channel and the resistance zone(221.35 JPY-219.32 JPY). After breaking below the support lines, the pair formed a Symmetrical Triangle, and its lower trendline has now been broken. Can GBPJPY recover, or is the pair entering a deeper corrective phase? Technical Analysis From an Elliott Wave perspective, GBPJPY appears to have completed its main Five-Wave Impulsive Structure above the Ascending Channel, suggesting that a corrective phase may now be underway. The breakdown of the Symmetrical Triangle further supports the bearish scenario. 💡 Educational Note: A Symmetrical Triangle breakout can signal the next directional move, but confirmation is stronger when the breakout aligns with the broader market structure. Based on these signals, I expect GBPJPY to continue its bearish move and decline at least toward 216.98 JPY. Trade Setup: Take Profit(TP): 216.98 JPY Stop Loss(SL): 218.800 JPY What’s your view on GBPJPY? Do you think the pair can resume its bullish trend, or should we expect a deeper correction and further downside? 📌 British Pound/ Japanese Yen Analyze(GBPAUD), 4-hour time frame. 🛑 Always use proper risk management and set a Stop Loss(SL) for every position. 🚀 If this analysis helps your trading plan, a BOOST would help more traders discover it.