GBPJPY looks to strengthen further higher in the days ahead following its rally on Thursday.

On the downside, support comes in at the 140.00 level where a violation will aim at the 139.50 level. A break below here will target the 139.00 level followed by the 138.50 level.

Conversely, resistance is seen at the 141.00 level followed by the 141.50 level. A cut through that level will set the stage for a move further higher towards the 142.00 level. Further out, resistance resides at the 142.50 level.

Its daily RSI is bullish and pointing higher suggesting more strength.

All in all, GBPJPY remains biased to the upside in the medium term.