GBPAUD Wave Analysis – 21 February, 2019

• GBPAUD broke key resistance level 1.8340
• Further gains are likely

GBPAUD recently broke through the key resistance level 1.8340 (which stopped the earlier impulse wave (i) with the daily Shooting Star earlier this month).

The breakout of the resistance level 1.8340 continues the active short-term impulse wave (iii) – which belong sot the impulse wave 3 from December.

GBPAUD is expected to rise further and re-test the next resistance level 1.8530 (monthly high from January).