British Pound Right at Resistance

[B]Commentary[/B]: We wrote last week that "the decline from 1.9964 is a clean 5 wave affair and an a-b-c correction is unfolding from 1.9621. This correction should be complete near 1.9814/33. 1.9814 is where wave c would equal wave a and 1.9833 is the 61.8% of 1.9964-1.9621.

Aggressive short term traders can look to trade the small c wave higher towards 1.9830 with 1.9655 as risk. We are looking to get bearish on either a break below 1.9621 or a rally to 1.9814." We are bearish now, against 1.9964, targeting a break of 1.9621 and potentially much lower levels. [B]Strategy[/B]: Bearish now, against 1.9964, target TBD