GBPAUD continues to rise inside the short-term correction (ii) which today broke the resistance level 1.81650 (top of the Bearish Engulfing from the start of July). The breakout of the resistance level 1.81650 follows the earlier breakout of the daily down channel from the middle of June. Given the rising bullish sentiment affecting GBP today (coupled with moderate bearish sentiment toward AUD) – GBPAUD is likely to rise further toward the next resistance level 1.84000 (former top of the corrective wave 4 from the middle of June).