British Pound Additional Downside Potential

[B]Commentary: [/B]Cable appears to have some additional downside potential, but not before a push through 1.9935 occurs in order to complete a corrective advance (wave iv) from 1.9651. Following the completion of wave iv, we expect price to register a new low (beneath 1.9651) in what will be wave v of 3.

A larger 4th wave correction would be expected following the new low. This view is favored as long as price is below 2.0155.
[B]Strategy:[/B] Flat