From the internet:

GBP/JPY Price Analysis: Weekly W-formation remains in play

● GBP/JPY bears engaging in a phase of distribution.

● Bears to target the neckline of the weekly W-formation.

As per the prior analysis, GBP/JPY Price Analysis: Bears move in following bull rally, weekly W-formation eyed, the price is indeed making progress as per the W-formation. The following illustrates the market structure on a weekly time frame and prospects for a setup on the lower time frames.

Ross J. Burland (11 January 2022), FX Street Is this valuable information? Examine the arguments for and against.