GBPUSD currency pair recently reversed up from the support zone lying between the support level 1.38000 (which has been reversing the price from April March) and the lower daily Bollinger Band. The upward reversal
from this support zone stopped the previous short-term impulse C of the ABC correction (2) from last month.
Given the clear daily uptrend and the improvement in sterling sentiment – GBPUSD currency pair can be
expected to rise further toward the next round resistance level 1.4000 (former support from the start of May).