GBPUSD currency pair recently reversed up from the support area lying between the major support level 1.36000 (which has been reversing the price from July) and the lower daily Bollinger Band. The upward reversal from this support area started the active short-term impulse wave 3 – which belongs to the medium-time impulse wave (3) from the middle of August. Given the strength of the aforementioned support area – GBPUSD currency pair can be expected to rise further toward the next resistance level 1.38500 (which has been reversing the pair from the start of September).