GBPUSD - update

Earlier I assumed that wave 3 was developing around the political news in UK (first of all, as it was a vertical move, typical for 3rd waves).
As a step back - the prior triangle assumed wave 4 of a larger impulse should have ended at 1,288. that structure provided for the continued strength of the pound to complete a larger fifth wave.

Taking into account the size of the last wave, it is reasonable to assume that the earlier trend may be over and gbpusd started a larger structure to correct the whole move to 1,35.
In this case:
- we need to check the fifth wave - it should be viable if we adjust the end of the wave E of the triangle as shown on the chart. No rules broken, after a triangle we have got a complete 5 wave sentence to ~1,35


If current update works, that I would wait for a completed wave 1 to the downside and a respective pullback, where I will loom for sell trades.

Good luck and hope this helps!