GBPAUD recently broke above the resistance level 1.80800 (which has been steadily reversing the pair from the end of June, as can be seen below). The breakout of the resistance level 1.80800 accelerated the active minor ABC correction (ii) from the end of June. Given the steadily rising bullish sentiment affecting sterling today – GBPAUD is likely to extend the gains toward the next resistance level 1.82000 (likely price for the completion of the active corrective wave (ii)).