GBPUSD recently broke through the resistance area set between the resistance level 1.39000 (top of the previous correction (b) from the start of April) and the resistance trendline of the daily down channel from the end of February. The breakout of this resistance area accelerated the active impulse wave (3). With the strong nearby support level 1.36650, the rising bullish sterling sentiment seen across the FX markets today – GBPUSD currency pair can be expected to rise further toward the next resistance level 1.40000 – followed by the resistance level 1.42000.