GBPUSD currency pair recently broke through the resistance area lying between the resistance level 1.39050 (top of the previous minor correction (iv)) and the 50% Fibonacci correction of the previous sharp extended downward impulse wave 1 from the start of June. The breakout of the resistance area accelerated the active short-term correction (ii) from the middle of July. Given the predominantly bullish sterling sentiment seen across the currency markets today (on signs of herd immunity in UK) – GBPUSD currency pair can be expected to rise further toward the next round resistance level 1.40000 (target for the completion of the active wave (ii)).