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For GBP/USD, we made a small decline and are now turning back to growth. For now I’m planning one more wave down, if there is no breakout of the high, another second wave, already in the third of three of (C), and after a day or a bit more I’ll be expecting the third of three of (C). If they manage to break the high, then the rise will continue, most likely as a continuation of the first in the third of three of (C). Another important point is that for both GBP/USD and the euro, the correlation is starting to recover, which means we can no longer expect the kind of divergence I was planning for and that we saw in recent months. Going forward, we’ll have to either look south on GBP/USD, or north on the euro.