GBP Next Move

I believe we are still in the B retracement of the 5 waves short that ended on 12/13 at 20:00. I expect this trend to continue short till about 1.6140. From there we should begin a series of 5 waves long to complete the C wave that can then be labled the greater degree (2). I expect this (2) wave to go long past the end of A at 1.6317 once it gets past this point or if something materially changes I will make another update. Remember the predeominat trend is short on a long term basis.