GBPUSD Poundwise Penny foolish?

Expected break unfolded, we are out of the congestion part of smaller degree wave ii


In the third wave which can accelearte break below 1.2640, while the 1.2690 holds any rally.

The targets range min 1.2625-1.2600-1.2570, Only daily close above 1.2710 negates this view.

Extremes moves can stretch towards mid 1.2500 area