The current level of the GBPJPY is reached after a trend reversal and is currently setting a bullish trend this is done just after passing a resistance level on the daily timeframe. It is expected that GJ will retest the resistance level(now a support level) in order to continue with the bullish trend. This analysis is also based on the fact that the 0.5 fib level for the current bullish trend is expanding suggesting a faster movement to the upper side. Another factor for this analysis is the Oil price is also setting a bullish trend making the Yen weaker and therefore letting GBPJPY increase faster.