Expecting a reversal for the Pound to the upside in the near future. However at this moment I am inclined to sell as for all the indicators ( and moving average resistances). Without resisting current price developments to the downside; I will observe this subwave count to progress in its final wave v, before we resume trending with the sentiment. The termination of the subwaves, larger correction WXY, 5, and the projected leg of clone ( pattern) appears to occur at 1.410 which means a before a take-over is likely.
Comment: Significant price gap. Should price fill this week before it creates lower lows? I don't know. The ideal situation is for it to correct itself and to then sell at a price remotely close to the vertex. Otherwise, it's JUST a missed opportunity.