GBP still correcting short move

The GBP looks to still be in a iii (circle). I expect the general long trend to continue to at least 1.6350 before it has any type of retrace. If wave iii (circle) extends it could be further. Once wave iii (circle) is complete I expect something like a 38% retrace of that move that began this morning at 03:00 am. From there I would expect another five waves long. My overall trend direction bias for the night is long. I'll try and make additional updates as conditions warrant.