For my previous post about buying GBPUSD see below:
I will be focusing on whether wave 4 is already in place and we should expect another impulse lower next. Personally I still favor a move towards at least 1.45 first but in case we see the break-out I will wait for a consolidation and sell the break. If we however see a move towards 1.45, I consider this an even better trade set-up for a move towards 1.39.