Commentary: The short term structure in the GBPUSD has been unclear for some time. Given that the EURUSD remains bullish and that the GBPUSD remains within its weekly bullish channel, a bullish bias is warranted for a potential test of the resistance trendline near 2.1000/2.1100.
The alternate count treats the entire rally from 1.9651 as a large B wave, but without a 5 wave decline visible there is no reason to fade this rally.
Strategy: Flat