GBPAUD is moving lower for the last few months, clearly in impulsive fashion which means more downside is expected after wave four which may not be over yet based on time-projection compared to wave two. There is a chance for another retest of 1.7730-1.7800 area before market turns down for a fifth wave.
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GBPAUD went quite higher, however still can be in a corrective wave 4 with possible resistance and turning point at current Fibonacci ratio of 50.0.
Great overview man, I however think we might go somewhat higher than your denoted fourth wave (one in blue) before seeing a fall. Here's my present perspective on this pair, what do you think?