Correction before the final decline

26.03.2021

The British pound turned out to be much less patient and, having barely updated the local minimum, began to return the previously lost price values. So far, everything is working out pretty well. But this growth is considered as corrective, which means that another wave of sales is expected soon, which may lead to the renewal of the local minimum and the completion of the development of the impulse in wave [c]. After that, impulse growth is expected to resume with claims for the current year maximum.

Inasmuch as the price is in correction still, it is not recommended to trade this instrument.

Investment idea: flat.