GBPAUD recently reversed down from the resistance zone located between the key resistance level 1.90700 (which stopped the sharp uptrend in October and also the previous impulse wave (i)) and the upper daily Bollinger Band. Given the strengthening bearish Sterling sentiment and the overbought reading on the daily Stochastic indicator and the – GBPAUD is likely to remain under the bearish pressure and to fall toward the next support level 1.89000 (low of the previous correction (ii)).