British Pound Rockets Higher

Cable has turned up from just under 1.9700, leaving close to two equal legs from 2.0131 (2.0131-1.9841 = 290; 1.9997-1.9676 = 321). There is potential short term trendline resistance near 1.9875.

The most bullish outlook is intact as long as price remains above 1.9767. The 3 wave decline from 2.0131 is the dominant pattern and is bullish.