Sterling consolidated as expected from the 1.7050 target; the a-b-c consolidation completed wave-4 and now the ensuing wave-5 rally is nearly complete. Once targets are met, ideally near 1.7230/40, then a countertrend correction can follow. S/t, there are 3 targets aligning between 1.7230/40. First, wave-A/1 (from 1.6460 to 1.6996) would equal the current wave-B/3 at 1.7230. Second, using the midpoint technique, symmetry surfaces at 1.7239. Lastly, within this final wave-5 rally, wave-i=v at 1.7240. Support below for this final thrust is 1.71. For today/tomorrow expected range is 1.71 to 1.7240 and our bias is for a move higher. Conviction: Med/High Levels: Support – 1.7112, 1.7094, 1.7061 Resistance – 1.7180, 1.7230, 1.7240
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