The development in GBP seems quite clear so far, we have had either a 1-2-3-4 in C down, or a series of 1-2-1-2 down, now expecting a good trend continuation, approx. until the Brexit referendum on June 23rd. Note that the correction we are in right now can further subdivide, so we need to watch 1.41 for the development (breaking down in w5 or going up in C leg).