Wave C of a triangle may be complete at 2.0156 and wave D could be underway now.
However, we favor the count that treats the advance from 1.9364 as wave C of a flat, which will not end until above 2.04. The red line on this chart is the 200 day SMA, which the GBPUSD is holding above. Keep risk at 1.9810 and look for support in the 1.9884-1.9925 zone.
STRATEGY: Bullish, against 1.9810, target TBD
