We wrote yesterday “there is no confidence lost in the larger count.
Today’s low is at what should be strong support from the confluence of the 50% of 1.9364-1.9850 / 5/21 low at 1.9612. Think about positioning long in the 1.9550/1.9600 area, against 1.9364.” The GBPUSD rally from 1.9609 is probably a 3rd wave. Minimum expectations are for a push through 1.9850. A bullish bias is warranted against 1.9609.
STRATEGY: Bullish, against 1.9609, target above 1.9850