GBPAUD Wave Analysis – 09 December, 2019

• GBPAUD broke key resistance level 1.9100
• Likely to rise to 1.9380

GBPAUD recently broke above the key resistance level 1.9100 (which reversed the price in the middle of October, as can be seen below).

The breakout of the resistance level 1.9100 accelerated the active impulse waves (v) and 3.

GBPAUD is expected to rise further toward the next resistance level 1.9380 (target for the completion of the active impulse wave 3).