Cable Guy

Here are 2 ways to look at Gbp/Usd. Bullish case would be a wave c ( or y ) and the bearish case ( in blue ) would be a very big wave 3. i of 1 ( in blue ) is a bit hard to count as impulsive or diagonal so that's why i keep it as a alternative. Note the nice channeling and fibonacci levels that seem to work pretty well here.