Total Reassesment for longer term movement

I spent a lot of time this Saturday reviewing the movement of the cable on a monthly chart. I have made a bit of an adjustment in my thinking as to the shorter term trend (several weeks if not months). I believe the sterling is in a contracting triangle that can be observed on the daily chart. Once this triangle is complete, still many weeks away, the GBP will push longer. Probably to at least the 1.8000 point and quite possibly as far as 1.9340.   Below is a chart that shows the developing triangle in trend lines, as well as a hypothetical finishing movement before it breaks long. I will make another post in a few minutes to show a likely movement for the next few days.