(Please click on the chart to see it better)
GBP/USD:
Short term I'm looking for a break below 1.6435 to confirm, that an expanded flat wave ii ended at 1.6497 and that wave iii lower towards at least 1.6182. Remember, that expanded flat correction as second waves almost always tells us, that wave iii will be extended and at 1.6182 wave iii will 1.618 times wave i.
Only a break above 1.6497 will delay the downside for a move closer to the 1.6507 - 1.6530 area before down.
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