GBPUSD recently reversed up with Japanese candlesticks reversal pattern Piercing Line from the support area located between the pivotal support level 1.29700 (former strong resistance from October and November) and the 38.2% Fibonacci correction of the previous sharp upward impulse (C) from October. The upward reversal from this support area started the active correction 2. With the moderate bullish sentiment affecting Sterling  GBPUSD is likely to rise further toward the next resistance level 1.31640 (target rice for the termination of the active correction 2). Strong support remains at the support level 1.29700.