GBP/JPY: Potential Bearish Reversal After Corrective Wave

In this 2-hour chart of GBP/JPY, the pair appears to be forming an ABC corrective pattern within a rising channel. The price may encounter resistance around the 191.220 level, potentially completing wave C. If confirmed, this could trigger a downward move toward the 180.000 region, aligning with the broader bearish trend. Traders should watch for reversal signals at the channel’s resistance for potential short opportunities.