British Pound at Channel Support

Cable has held at channel support so far, bouncing off of the 1.9900 figure this morning. Channel support along with the 3 wave decline from the top to 1.9864 keeps us looking higher but 1.9864 must hold for the bullish structure to remain intact.

A break at 1.9864 exposes former resistance (now potential support) at 1.9822.