Commentary: The short term Cable picture has yet to clear up. With all of the confusion on the intraday charts, we are presenting the daily chart today. This well defined channel goes back to May 2006. Notice that the GBPUSD has broken below the midpoint of that channel.
As such, a bearish bias is warranted until at least a test of channel support near 2.0100/2.0150.
Strategy: Bearish, against 2.0831, target 2.0200