GBPAUD under the bearish pressure today after the price reversed down from the major resistance level 1.82300 (which has been reversing the price from November – as can be seen from the daily GBPAUD chart below) and the upper daily Bollinger Band. The downward reversal from the resistance level 1.82300 stopped the previous waves (2) and C. Given the strength of the resistance level 1.82300 – GBPAUD can be expected to fall further in the active impulse wave (3) toward the next support level 1.80000 (former resistance from the start of May).