The revised GBP/AUD short-term Elliott Wave suggests the decline from wave ((X)) at 2.21 is unfolding in a triple three structure WXYZ where wave W ended at 2.167, wave X ended at 2.193, wave Y ended at 2.151, second wave X ended at 2.17, and wave Z lower is in progress and can reach as low as 2.116–2.127 to finish wave (W) before a larger bounce in wave (X).
Near term, the pair can bounce in wave ((X)) towards 2.158–2.161 before turning lower again. As far as 2.21 pivot stays intact during the bounce, expect the pair to resume the lower to complete wave (W).