GBPJPY More Downside, Watch For Sell

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On GBPJPY, we can expect more bearish price action to confirm the downside.

What I like about the price action is we have ascending channel reversal, within the larger correction that is correcting the previous bearish impulse phase.

We can see price has already started ts bearish move from the top of structure, and has already formed a continuation correction to break out of the ascending channel.

Expecting more downside, wait for more bearish continuation corrections on the lower time frame to confirm more drop.