GBPUSD: As we saw price break above 1.5670 which tell us that blue wave 2 did not finish yet and extends in double zig zag format. It has to be noted that wave 2 can retrace upto 100% of wave 1. Now we are in sub-wave of y of blue 2 and once this wave is our we see sharp decline towards 1.50 area. Traders can sell this pair on daily confirmation of bearish candle with stop loss above the last swing high.