As price broke below 48 then we are still in diagonal down.
there are 2 possible targets downside
1) the bottom of gray channel and small (c) = 1.272 of small (a) = 47.00 +/- 30 pips
2) if large green (C) = 0.618 of large green (A) = .786 fib of upward move started in March 2015 = 46.40-46.67
I also see an ending diagonal but I think that it's already done.
I see further decline to come.