Looking for a C-wave target to 1.2578-1.2412. Note the key retracement swing high at Wave-B; it was 78.6% of the A-Wave. (Note the setup on the 60-minute chart posted next…a minor A-B-C pattern may be complete.)
GBP/USD 60-min View: A minor A-B-C may be complete. The A and C waves are close to equivalent length. Shorting here with a stop at the minor swing high at C (1.2882) seems a decent setup.