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For GBP/USD, the situation is still not completely clear yet. Personally, I’m still counting on a move further south into the third of (C), but as I’ve written more than once, the low of (A) has been updated and the five-wave sequence at the low is complete, which means they could also finish the entire wave (C) and we’d be facing a reversal. If the pair starts moving up and they again manage to update the high of the supposed second wave in (C), then most likely we’ll get some turmoil and a reversal to the upside. If we don’t update the second in (C), then we have the first and second of the third in (C), and then we go further south to the lows in the third of three with a break below the low of the first in (C)