GBPUSD recently broke the resistance area located between the resistance level 1.24500 (which stopped the A- wave of the active ABC correction (2) in March) and the 61.8% Fibonacci retracement of the previous downward impulse wave from the start of last month. The breakout of this resistance area accelerated the active impulse wave C. GBPUSD is likely to rise further toward the next resistance level 1.27350 (former support from the end of February and the target price for the completion of the active impulse wave C). Minor support now stands at the support level 1.24500.