We wrote yesterday that “the advance from 1.9386 could be a series of 1st and 2nd waves, so an ‘explosion’ higher this week seems possible if not likely. Cable’s ‘explosion’ appears to be underway. Ideally, price remains above 1.9548 and the GBPUSD takes off in a 3rd wave.” The count from 1.9386 is impulsive but far from complete. The next level of potential resistance is at 1.9787. Risk can be moved to 1.9548
STRATEGY: Bullish, against 1.9548, target above 1.9957