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For GBP/USD, it’s possible that the correction in the second wave of the third in (C) has already finished, or possibly the second of the first of the third in (C). There are options here; we’ll see how further upside develops. For now, the pair has not been able to update the low of the second in (C), and so far we are following the plan of turning to the upside. If they can continue the rise and manage to break the high of the first of the third in (C), then we will further confirm an advance into the third of three in (C), or possibly the third of the first of three in (C), or there will be other options. If the decline continues and they manage to break the low of the second in (C), then I think they will be able to break the low of (B) and extend it toward 1.2500.