The movement for the pair under consideration is not as beautiful as for EUR/USD. The waves are not proportional, which is confusing. Meanwhile, the pound is growing steadily, and what does it have to do? The dollar has big problems and almost all currencies are growing against it.

Insofar as the situation in general remains unclear, it is recommended to refuse this pair to trade. Yes, with a high degree of probability the price will continue to grow, but how much and how – it is difficult to say. The price can be very stormy, as it was in January, when the pair was moving into a savage narrowing sideways.

Investment idea: flat.