British Pound Technical Outlook

A C wave (of either a triangle or flat) is underway.

If a triangle, wave C likely continues until 2.02 (March 27 top). If a flat, wave C will continue through 2.04. The pair has tested 2.00 today so expect a sizeable reaction (lower). 1.9800 should provide support.
STRATEGY: Bullish, against 1.9583, target 1 at 2.0175, target 2 TBD