GBPJPY Channel Breakdown – Bearish OutlookGBP/JPYOANDA:GBPJPYBerlinGoldInsightsGBPJPY has broken below its ascending channel, signaling a potential shift in market structure. A retest of the broken trendline could provide confirmation before sellers step in again. As long as price remains below the breakout zone, the bearish bias remains valid, with the next major target around 199.00. Always wait for confirmation and manage your risk accordingly.