British Pound Short Term Bull Above 2.0056

Commentary: There is no sign yet of a reversal but the long term structure indicates reversal potential. The upper resistance line for an ending diagonal from 1.8515 is at 2.0338 today (see previous day?s commentary for more on this pattern).

Short term, a cautious bullish stance is warranted against 2.0056. Be careful though because a push through 2.0203 would satisfy minimum expectations. Strategy: Flat