GBPUSD currency pair recently reversed up from the key support level 1.41000 (which has been repeatedly reversing the price from the star of May) – standing near the 38.2% Fibonacci correction level of the previous sharp upward impulse wave from the end of April. Given the prevailing daily uptrend and the rising bullish sterling sentiment seen across the FX markets today – GBPUSD currency can be expected to rise further toward the next resistance level 1.42350 (former multi-month high from February).
