GBPUSD currency pair continues to rise strongly after the price broke the key multi-candle resistance level 1.37550 (which has been steadily reversing this currency pair from the middle of January). The breakout of this resistance level accelerated the active minor impulse wave (v) – which belongs to the impulse wave 3 from last November. Given the clear daily uptrend that can be seen on the daily GBPUSD charts – GBPUSD currency pair is likely to rise further toward the next resistance level 1.40000 (target price for the completion of the active minor impulse wave (v)).
