GBP/JPY is going through a choppy period currently. On the Monthly and Weekly charts we can see that price is currently testing key levels around 50% and 61.8% fib levels. It's important to keep a watch on this pair until we see how price continues to respond to this key area. I see two scenarios. On the 4 hour chart, we can see that price has already broken above the trend line, after which it experienced consolidation and choppy movement, even now. I suggest we monitor price action, along with other confluences to get better confirmation on which way the market will go. My bias is that price will pull back to at least 145.600 to 145.150 areas, which is a key area historically. Price could bounce off the trend line and take a bull run, or continue as a sell. As the market is now choppy, what I say now is watch price action and candlestick analysis before entering. This is for educational and demonstration purposes only.