GBPUSD recently reversed up from the key support level 1.38000 (which has been reversing the price from the start of February as can be seen below) – intersecting with the lower daily Bollinger Band and the support trendline for the sharp and extended upward daily channel from last October. The upward reversal from the support level continues the active impulse wave (i). Given the prevailing uptrend – GBPUSD currency pair can be expected to rise further toward the next round resistance level 1.40000 (which reversed the pair 4 times from the start of this month).