GBPJPY is facing bullish pressure and is holding above horizontal swing low support, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension . We expect prices to increase to horizontal overlap resistance, in line with 161.8% Fibonacci extension . Alternatively, if prices break below horizontal swing low support, it may face support at Fibonacci confluence area, in line with 127.2% Fibonacci retracement and 161.8% Fibonacci extension . Moreover, stochastic is approaching support at 6.60, further supporting our bullish view.