GBPJPY under bullish pressure following the earlier breakout of the key resistance level 136.500 (former top of the minor impulse wave (i) from the middle of July) intersecting with the 61.8% Fibonacci correction level of the previous sharp downward impulse wave 1. Given the strong bullish sentiment affecting the sterling today – GBPJPY is likely to rise further in the active impulse wave (c) toward the next resistance level 139.600 (former monthly high the start of June, target price for the completion of the active ABC correction 2).