Despite the growth of the GBP/USD to the 1.6250 level, general wave situation is still uncertain. At the same time, all price changes since March 11 are now looking like a series of abc waves of a more continuous correction structure that might obtain a shape of an ascending triangle. If so, the pound has a chance to continue the downside correction in correlation with the uptrend section formed between December 28 and March 2.
