The pound gave some slack, which allowed sellers to push the price a little bit. However, the incipient bearish wave has not received further development yet. Meanwhile, the situation remains favorable for the development of a decline, and with a high degree of probability, in the near future we will see the development of an impulsive decline in the pair.

The expected decline is probably the third wave of the downward impulse, which means it will be quite long and sharp. This is worth taking advantage of.

Investment idea: sell 1.3920, stop loss 1.3950, take profit 1.3500.