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GBPAUD recently broke the resistance zone located between the key resistance level 1.80600 (former support from the end of August) and the 61.8% Fibonacci correction of the previous downward impulse from the middle of August. Given the strongly bullish sterling sentiment seen across the FX markets today – GBPAUD is likely to rise further toward the next resistance level 1.84000 (target price for the completion of the active short term corrective wave 2).
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