GBPUSD currency pair can be expected to rise further toward the next resistance level 1.3300.
– GBPUSD broke resistance area
– Likely to rise to resistance level 1.3300
GBPUSD currency pair recently broke through the resistance zone located between the key resistance level 1.3035 (which stopped the previous short-term impulse wave i in the middle of July, as can be seen from the daily GBPUSD chart below) and resistance trendline of the wide daily up channel from the start of May. The breakout of this resistance area accelerated the active short-term impulse wave iii of the impulse wave 3 of the intermediate impulse wave (C) from the end of April.
Given the clear daily uptrend the strongly bullish Sterling sentiment that can be seen across the FX markets today, GBPUSD currency pair can be expected to rise further toward the next resistance level 1.3300.
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