• GBPAUD reversed from support level 1.8115
• Likely to reach resistance level 1.8260
GBPAUD recently reversed up from the support level 1.8115 (former strong resistance from February and March – acting as support after it was broken earlier).
The upward reversal from the support level 1.8115 continues the active impulse waves 3 and (3).
GBPAUD is likely to rise further toward the next resistance level 1.8260 (which stopped waves (a) and 2 in November).
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