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GBPAUD currency pair under the bearish pressure after the earlier breakout of the key support level 1.87750 (which has been repeatedly reversing the price from the start of January). The upward reversal from this support zone created the daily reversal pattern Morning Star. Given the rising bullish Australian dollar sentiment seen today – GBPAUD currency pair can be expected to fall further toward the next support level 1.85350 (target price for the completion of the active impulse wave 3).
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