A head and shoulder formation could be forming as it has rejected 1.79130. i would place a buy now with a tp of 1.80110 just to be safe and a SL of 1.79100. This has a very good chance of happening as it can retrace to 61.8 fib and would be a 70pip movement However, as GBPAUD is a highly volatile and unpredictable this could not happen. Trade at your own risk