GBPAUD recently reversed up from the support zone located between the support level 1.98750 (low of the previous spike from the end of March), lower daily Bollinger Band and the 61.8% Fibonacci retracement of the previous upward impulse (i) from last month. The upward reversal from this support stopped the previous short term correction (ii). Given the prevailing uptrend that can be seen on the daily GBPAUD charts – GBPAUD is likely to rise further toward the next resistance level 2.01220 (minor resistance from the start of April).