We maintain that “the count from 1.9386 is impulsive but far from complete. The next level of potential resistance is at 1.9787.” The GBPUSD has come into former support from reaction lows at 1.9595 and 1.9613. The low today (1.9599) could be the end of a 4th wave. In summary, we remain bullish as long as the decline from 1.9736 does not trace out 5 waves.
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STRATEGY: Bullish, against 1.9548, target above 1.9957