Probably, the pair has completed the wave [i] and right now, another correction is taking place. Earlier, Pound finished the wave 4 in the form of the zigzag, In the future, after completing the wave [ii], the price may resume moving downwards and break the minimum of the wave [i].
More detailed structure is shown on the H1 chart. Yesterday, the pair completed the wave (v) of [i], which resulted in the current correction. Possibly, right now the price is about to complete the wave (b) of the wave [ii], which may finally take the form of the flat.
GBP/USD, H4
GBP/USD, H1
RoboForex Analytical Department
