GBPUSD recently reversed up with the Morning Star from the support area lying between the pivotal support level 1.2770 (low of the previous wave 1 and the former resistance from the middle of June), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse from October. Given the strength of the aforementioned support area – GBPUSD is likely to remain under bullish pressure in the coming trading sessions and to rise toward the next resistance level 1.2965 (top of the previous short-term correction 2 from the end of October).