I have put a question mark over the 'e' count, in line with my doubts on the GBPUSD 'B' leg being over too. Price did bounce off the 135degree Gann line off 1.18905 and has crossed the monthly dma with the 1&2 week SMi's turning down. Price visited the Annual Pivot in this decline (1.2903) and has revisted the Speedline grid line and the 90degree Gann line, so for a 'b' leg down, it has done quite a bit. Symmetrically though, I'd prefer a visit to the proposed 'A-B' line that is the median of the Speedline grid. This would also be the 180degree Gann line and a re-approach of the triangle top. But, I do not make the markets move, so we will have to see where price action takes us.
The decline from 1.3709 began with the Trendline indicator turning red. It has now turned blue. The decline also 'cut' the Trendline's orange dma and fell under the green retracement cloud. This will be where the next genuine test of this rise will be seen, for at the moment price is under them both and the SMi's do not look oversold as yet, albeit could easily take a turn up if prodded. Price is now at the centre of the weekly and monthly bolly bands and seems a good place to meander - see left for evidence of previous meandering! This is especially so, as the monthly bolly's are coming into a pinch by the looks of it.
The 60minute chart suggests some early week action though. With the Trendline indicator now blue, and the SMi's overbought, there looks like a need to retrace to the purple dma (16hr)where the bolly band and Trendline indicator may combine. However, this would be back under the retracement cloud, so maybe not the place to fade longs too early, just in case there is more downside to come. A trend line break of any descent looks like the safest way to play that. The monthly cloud and 6day dma are hanging above as in the last chart and I would want to be long as low as possible to stay the course of any successful challenge of those areas, in case it gets bouncy. An upside 'cut' would be very thrusting me thinks, as the 'e' wave may not be over at all!!
Not a lot to add with the short term chart. I am focused on any approach to the blue Trendline and purple 16hr dma at the bottom of the chart and then a move up through the orange 8hr dma. I am not looking to short whilst the Trendline indicator is blue and the hourly and 4hr bollys have their bottom bands at or above the same line.
The decline from 1.3709 began with the Trendline indicator turning red. It has now turned blue. The decline also 'cut' the Trendline's orange dma and fell under the green retracement cloud. This will be where the next genuine test of this rise will be seen, for at the moment price is under them both and the SMi's do not look oversold as yet, albeit could easily take a turn up if prodded. Price is now at the centre of the weekly and monthly bolly bands and seems a good place to meander - see left for evidence of previous meandering! This is especially so, as the monthly bolly's are coming into a pinch by the looks of it.
The 60minute chart suggests some early week action though. With the Trendline indicator now blue, and the SMi's overbought, there looks like a need to retrace to the purple dma (16hr)where the bolly band and Trendline indicator may combine. However, this would be back under the retracement cloud, so maybe not the place to fade longs too early, just in case there is more downside to come. A trend line break of any descent looks like the safest way to play that. The monthly cloud and 6day dma are hanging above as in the last chart and I would want to be long as low as possible to stay the course of any successful challenge of those areas, in case it gets bouncy. An upside 'cut' would be very thrusting me thinks, as the 'e' wave may not be over at all!! 
Not a lot to add with the short term chart. I am focused on any approach to the blue Trendline and purple 16hr dma at the bottom of the chart and then a move up through the orange 8hr dma. I am not looking to short whilst the Trendline indicator is blue and the hourly and 4hr bollys have their bottom bands at or above the same line. 
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