I do respect the idea that GBPAUD might drop along with EURAUD. We're also near the horizontal weekly resistance right now.
If i draw a trend line connecting the low and high of GBPAUD recent movement. It will look like a broadening wedge pattern.
In terms of Elliott Wave, this is a broadening ending diagonal.
Sell GBPAUD 1.8610
Stop loss 1.8670
Take profit 1.8410 (3.3R)
Use only 1-2% risk
Good luck
