We were expecting a c wave to come under 1.9583 before the larger advance through 1.9850.
The small c wave did not unfold but the larger bullish bias is correct as the GBPUSD rally has accelerated. The push through 1.9850 satisfies minimum expectations for wave c of the triangle but a more probable target for wave c of the triangle is 2.00/02. If a flat is unfolding, then Cable will exceed 2.04. In summary, remain bullish. Risk can be moved to 1.9583.
STRATEGY: Bullish, against 1.9583, target 1 at 2.0175, target 2 TBD
