GBPUSD fall from the January 19, 2010 high remains active as ONLY a daily open and close above 1.5422 will complete this fall while the March 1, 2010 low of 1.4782 holds. A daily open and close above 1.5422 will see further price extension to the upside within a 1.5422-1.5817 consolidation zone before another attempt to the downside.  As to the recent rise from the March 1, 2010 low of 1.4782, this corrective wave remains active as ONLY a daily close below 1.5019 will complete this fall with prices then continuing to move lower within a 1.4928-1.5019 consolidation zone before another attempt to the upside.  Once prices have moved within the sited consolidation zone, a sustained break of this consolidation zone will see further price extension in the direction of the break.