GBPUSD currency pair recently reversed up from the support zone lying between the pivotal support level 1.40850 (which has been reversing the price from the end of May) , lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from April. Given the strong uptrend and the strengthening bullish sterling sentiment – GBPUSD currency pair can be expected to rise further toward the next resistance level 1.42350 (target price for the completion of the active impulse wave 3)
GBPUSD reversed from support zone; Likely to rise to resistance level 1.42350.
