GBPUSD currency pair recently broke the resistance zone located between the key resistance level 1.38000 (former strong support from the start of March) and the resistance trendline of the daily down channel from last month. The breakout of this resistance zone accelerated the active short term upward impulse wave 5. Given the prevailing daily uptrend and the strengthening US dollar bearishness seen across the FX markets today – GBPUSD currency pair can be expected to rise further toward the next resistance level 1.40000 (top of the previous minor corrective wave (b)).