GBPAUD Wave Analysis

The article is a technical analysis note on GBPAUD. It says the pair has broken above a key resistance zone near 1.8940, which had capped price action since April and aligns with a 50% Fibonacci retracement of the March downside impulse. The breakout is described as accelerating the c-wave of an active ABC correction from last month. The analyst expects further upside toward 1.9200, which is presented as the next resistance and the likely target for completion of the correction. Overall, the piece is bullish for GBPAUD in the near term, implying continued sterling strength or Australian dollar weakness versus the other, with upside momentum intact unless the breakout fails.