British Pound On Way Towards 2.0000

[B]Commentary[/B]: On Friday, we wrote “look for a terminal thrust from this triangle into 2.0400/73 before a reversal.” The GBPUSD hit 2.0462 this morning to complete wave c of an a-b-c correction from 2.0181. Expectations now are for a drop to at least 1.9989 (100% extension of 2.0654-2.0181/2.0462).

Potential support near this level is reinforced by the 61.8% of 1.9621-2.0654 at 2.0016. [B]Strategy[/B]: Remain bearish, against 2.0654, target 2.0020