The British pound remains under pressure. All attempts to grow are abruptly stopped, which leads to a slight but still decline. So far, all this fits into the framework of the expected correction, which is formed as wave 2 and takes the shape of a zigzag.

The target of the decline is the 61.8% Fibo level. Based on the chart, we can assume that the price still has room to fall. It is quite possible to make a quick sell deal.

Investment idea: sell 1.3840, stop loss 1.3870, take profit 1.3750.