GBPJPY For the Next Week ..... On the daily chart is moving inside a clear ascending channel where price recently touched the upper boundary and showed rejection. The structure indicates the completion of the fourth wave within the overall cycle suggesting that a larger corrective move may follow. The pattern shows exhaustion near the top and the red arrow highlights a potential bearish move toward the lower boundary of the channel. As long as the structure stays within this formation the pair is likely to respect the channel dynamics and continue following the wave count toward the fifth target area.