Still correcting long. Last push

Sterling should make a new high above 1.5701 and reach the target retrace zone I outlined in earlier posts of 1.5711 to 1.5776. Once that movement is over, I believe that will complete a 5 wave ending diagonal that began on 8/15/10 at 19:00. Since that pattern denotes an end to the correction I expect sterling to resume its decline. A good first target for profit on shorts will likely be around 1.5390. Hard to give an exact point now as wave 2 is not over yet.