GBPUSD recently reversed up sharply from the key support level 1.38000 (former strong resistance from the end of January, which has been reversing the pair from the start of February). The support area near the support level 1.38000 was strengthened by the lower weekly Bollinger Band and by the support trendline of the narrow daily up channel form November. Given the prevailing daily uptrend and the continued sterling optimism – GBPUSD currency pair can be expected to rise further toward the next resistance level 1.40000 (top of the previous minor correction (b) from the start of March).