GBPAUD recently reversed down sharply from the resistance area lying at the intersection of the key resistance level 2.08000 (which stopped the earlier sharp impulse wave (i)) and the resistance trendline of the wide daily up channel from December of 2019. Given the strength of the aforementioned resistance area and the clear bearish divergence on the daily Stochastic indicator – GBPAUD is likely to fall further toward the next support level 1.98000 (which has been reversing the price in the last few trading sessions).