GBP/USD - 4 HRS CHART
KEY RESISTENCE AT 1.9728

Cable's recent ongoing consolidation is the part of Wave 4 which began at 1.9728 and it got ended at 1.9546 it signalled the bottom of 1.9546 when we saw a huge rebound occured. Here i see that Wave 5 had already began at 1.9546, a break above 1.9728 will resume Wave 5 further to 1.9914. 1.9914 is the multi year resistence, this is where the Wave 5 might end and then resume the corrective wave for this 5 wave up. Unless we dont see a 1.9728 breakout then we'll sit in the further consolidation.