GBPAUD: ⬇️ Sell

– GBPAUD broke support zone

– Likely to fall to support level 2.0000

GBPAUD currency pair recently broke the support zone between the support level 2.0250 (which stopped the previous impulse wave i) and the support trendline of the daily down channel from July.

The breakout of this support zone accelerated the active impulse wave C of the intermediate ABC correction (2) from the start of April.

Given the clear downtrend, GBPAUD currency pair can be expected to fall toward the next round support level 2.0000.