British Pound Top Near 2.0900?

Commentary: We have been focusing on the bullish trend channel whose resistance line is near 2.10/2.11. Cable tested 2.0900 (2.0895) Friday. While a test of 2.1000/2.1100 remains possible, it does appear that the decline from 2.0895 is in 5 waves, therefore we expect at least one more similar decline.

Short term resistance is at 2.0829.

Strategy: Get bearish near 2.0829, against 2.0895, target TBD