The pound is determined. Updating the maximums is just around the corner

18.05.2021

Once again, the British pound was unpleasantly surprised and decided to try its luck in another attack on the dollar. The attempt turned out to be successful, which led to the renewal of the local maximum and brought it very close to the maximum of the last year.

In this case, wave [v] may turn out to be full-fledged, and we will see an update of the price maximum. Active trading actions should be suspended for a while and it is necessary to see how events develop further.

Investment idea: flat.