To review, this is what I am working with; “the rally from 1.3500, although strong, still counts well as a correction (3 waves). In fact, price reached and reversed at a former 4th wave (common guideline). The rally from 1.5800 was an impulse, making it possible that wave v of C was truncated.” Since 1.6626, the GBPUSD has traded in a violent 400 + pips range. Until this range (1.6186-1.6626) breaks, there is little confidence in direction.
