GBPUSD recently reversed up once again from the support zone lying between the support level 1.22800 (which has been steadily reversing the price from the middle of April) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier short-term impulse wave 3 from the end of April. With the rising bearish sentiment affecting the US dollar today – GBPUSD is likely to rise further toward the next resistance level 1.24600 (low of the previous short-term correction from the start of May).