The expectations of a false upward takeaway for the Pound/Dollar pair were confirmed. The price last time tried to rise, it tested and broke the previous trend price again. Then the sellers took control of the situation and didn’t release it.

Soon it will be formation of a downward impulse which is leading either in a larger impulse or in a correction. In any case, the movement will be interesting and worth taking part in.

Thereby, a trading recommendation may look as follows: sell 1.3490, stop loss 1.3520, take profit 1.3300.