GBPUSD currency pair recently reversed up from the support zone lying between the support level 1.40850 (which has been reversing the price from the start of May), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from May. The upward reversal from this support zone stopped the previous ABC correction (4). Given the prevailing daily uptrend – GBPUSD currency pair recently can be expected to rise further toward the next resistance level 1.42200 (which stopped price sharply at the end of February and May).