There are a few possibilities right now for the GBPUSD.
A triangle could be nearing completion. Triangles unfold in 5 waves (A-B-C-D-E) and wave E could terminate following a push through 2.0006. The other triangle count treats the advance from 1.9364 as wave C of the triangle; which would probably end near 2.02. The most probable count in our estimation though is that wave C of a flat is underway and will exceed 2.04. This fits with the larger USD bearish count. In summary, odds are high that the GBPUSD continues higher from current price.
STRATEGY: Bullish, against 1.9648, target 1 at 2.0175, target 2 TBD
