GBPUSD - Bull Run Over?

FX:GBPUSD   British Pound / U.S. Dollar
2day Chart.

GBP has been showing some weakness recently but is this simply a correction or could this be the start of a reversal?

As always, we wait for confirmation. If price breaks down, we will be looking for a retest to take this pair lower.

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Playing around with the wave count on the way up, it shows the 5 waves ending around the 127.2% FIbo extension level, otherwise basically the same picture as above. Waiting to see how price reacts to the 1.3800 level.
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