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Cable has more downside left - But a correction is on the way

Short
British Pound / Japanese Yen (FX:GBPJPY)  
fxmillions  
FX:GBPJPY   British Pound / Japanese Yen
cable GBPUSD gbpusdshort Elliott Wave Trend Lines Parallel Channel bounce
6
0
cable gbpusd gbpusdshort elliottwaves trendline parallelchannel bounce
This is the expecatation for GBPUSD. The correction drawn in a blue squiggly is just for illustration. It could be any pattern, but I expect it to reach the outer boundary of the overall trend channel.

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