GBPUSD currency pair recently reversed up with the daily reversal pattern Bullish Engulfing from the support zone lying between the key support level 1.35750 (former multi-month low from February), lower daily Bollinger band and the support trendline of the daily down channel from the start of June. The upward reversal from of this support zone stopped the previse impulse wave (iii). Given the improvement in sterling sentiment and mild USD outflows on risk-on sentiment- GBPUSD currency pair can be expected to rise further toward the next resistance level 1.39000 (which reversed the earlier waves (a), (ii)).