(Please click on the chart to see it better)
GBP/USD:
A small S/H/S top could have been build and all we need now is a break below the neck-line at 1.6464, but to confirm, that wave 2 is in place we need a break below 1.6434, which would call for wave 3 lower towards at least 1.6183 and possibly lower. Remember, that expanded flat correction as second waves almost always tells us, that wave 3 will be extended.
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