GBPAUD continues to fall inside the sharp downward impulse wave C which previously broke the combined support area lying at the intersection of the key support level 1.80000 (which has been steadily reversing the price from the start of October) and the 61.8% Fibonacci correction of the upward impulse wave (1) from the middle of September. Given the strongly bearish sentiment affecting the sterling today and the clear daily downtrend – GBPAUD is expected to extend the losses toward the support level 1.75300 (monthly low from September and the target price for the completion of the active impulse wave ).