GBP/USD: after finishing 5 waves down (wave 4 from the big move on daily) we can expect GBP/USD to retrace back and retest 1.3500 as 1st target. The pair might consolidate a bit below the resistance @ 1.3360 (which is Friday's high) before breaking up. to activate this setup we need a 4hrs close above the resistance resulting in an inverted head and shoulders pattern.