British Pound Technical Outlook

Similar to the EURUSD, the rally to 1.9970 may have completed wave iii of larger C (within the A-B-C from 1.9337). Support may be strong at 1.9825.

If this level gives way, then look for support at 1.9750 (61.8% of 1.9615-1.9970). Like the EURUSD, there is additional upside potential.