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GBPAUD recently broke the resistance area lying between the round resistance level 1,9000 (former strong support from December) and the 38.2% Fibonacci correction of the previous sharp downward correction from last month. Given the clear daily uptrend and the strong bearish Australian dollar sentiment seen across the markets today, GBPAUD is likely to extend the gains toward the next resistance level 1.9360 (target price for the completion of the active impulse wave (iii)).
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