gbpusd has more room to the upside to complete the correction potential wxyz which has its wxy legs complete and the z leg will begin soon to complete the wxyz structure or a wxy structure at a higher degree which has its wx leg complete and the y leg will begin soon.
As i said earlier on my last analysis that there is more to the upside and yet need for the correction in the recent swing high before the continuation. I just made a little modifications to the last view on this pair.
This pair has been in a correction phase for some time now and the correction is not complete yet. In the correction phase, usdcad has completed the W and X leg of the WXY correction to the downside therefore more of the selling is expected to make the Y leg of the WXY correction.
Eurusd is in a potential zig zag correction for the downward impulse. it has completed a 5 wave up for leg "a" and correction leg "b" of the "a" and now in the move to complete leg "c" to complete the zig zag correction.