GBPAUD recently broke the resistance area lying between the pivotal resistance level 1.91000 (which reversed the previous impulse wave 1) and the 50% Fibonacci correction of the previous sharp downward impulse from December. The breakout of this resistance zone accelerated the active impulse waves (3), 3 and (iii). Given the strong bearish Australian dollar sentiment seen across the markets today – GBPAUD is likely to remain under the bullish pressure and to rise further toward the next resistance level 1.94000 (target for the completion of the active short-term impulse wave (iii)).