Commentary: We have continued to mention that “the decline from 2.0101 does not look complete. If the decline from 2.0101 is a 5th wave, then the fall should divide into 5 waves itself.” Still, the decline from 2.0101 is not in 5 waves. Also, the short term EURUSD bearish bias favors additional GBPUSD losses. Measured objectives are at 1.9525 (161.8% extension) and 1.9450 (wave v = wave i).
Strategy: Bearish, against 2.0101, target 1.9530
Al Bawaba
