I think possibly one more down on gbp to complete a zigzag if count is correct
I also do not have the rsi pattern i like to confirm a buy yet -- please see gbpcad (similar complete pattern to the upside)
A few possible elliott counts --- I favour the expanded flat for wave 4 right now and we go and break the top- but the second chart is an option that we have had wave 5 and we just had (a) down waiting for a (b) for further downside or a longer more complex wxy or triangle i suppose could happen but that would look oddly large compared to the rest of the...
Possible triangle - like we got on audusd not long back -- just an idea not a trade set up
any correction is possible - my first thought was a flat but is looking less likely now -- lets see how it plays out