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GBPAUD continues to rise inside the short-term impulse wave (i) which started recently from the support area lying between the support level 1.78650 (which also stopped the previous extended impulse wave 5 at the end of June) and the lower daily Bollinger Band. Given the strong bullish sentiment affecting the sterling today – GBPAUD is likely to extend the gains toward the next resistance level 1.81400 (target price for the completion of the active impulse wave (i)).
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