GBPUSD currency pair recently reversed up from the support area located between the key support level 1.36000 (low of the pervious intermediate impulse wave (1) from last month, which has been reversing the price from January), lower daily and weekly Bollinger Bands and the 38.2% Fibonacci correction of the extended upward price impulse from the middle of last year. Given the prevailing uptrend – GBPUSD currency pair can be expected to rise further toward the next resistance level 1.38000. Strong support remains at the support level 1.36000.
