GBPAUD continues to rise inside the short-term impulse wave 3, which  previously broke through the resistance area lying between the key resistance level 1.8200, 200-day moving average and the resistance trendline of the wide daily down channel from March. The breakout of this resistance area intensified the bullish pressure on GBPAUD – accelerating the active impulse wave (c). With the strong Australian Dollar bearishness seen across the markets – coupled with moderate Sterling optimism- GBPAUD is likely to rise further in the direction of the next key resistance level 1.8430 (monthly high from June and the forecast price for the termination of the active impulse wave (c)).