The count in red is the possible count that we mentioned at the end of the EURUSD analysis.
The decline from 1.8793 is in just 3 waves to this point; which leaves open the possibility that the drop from there is a b wave of a flat and that a sharp rally will end above 1.8793 before price drops to a new low…again. Still, as long as price is below 1.8589, the GBPUSD is vulnerable to continued weakness in wave iii of v.
