First a quick appology. I went on a getaway and that is why there have not been any updates. I'm back now and here is where I think we are. I think wave .iii on the daily chart is nearly over. The trend has been short since Aug 17th. I think the GBP will make one more new low before wave .iii ends. I think it may have the potential to go as low as 1.4716 before wave .iii is over. Once that is achieved I am looking for a prolonged sidesways movement that will retrace about 38% of the short move from Jan 19th. a daily chart is attached.
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