GBPAUD continues to rise inside the impulse wave (iii) of the intermediate impulse wave C from the start of November. The price earlier broke above the key resistance level 1.91100 (which has been reversing the price from October) – which strengthened the bullish reassure on this currency pair. Given the strength of the strengthening bearish Australian Dollar sentiment seen across the markets today – GBPAUD is likely to rise toward the next resistance level 1.94000 (target for the completion of the active impulse wave (iii)).