The British currency is unlikely to be able to resist further onslaught from the dollar. In addition, the latest movements in the pair under consideration are very similar to how events are developing in the euro.

Growth was also observed here, probably being part of the correction, namely wave iv. The decline is expected as part of the formation of a correction within the correction.

Thus, it turns out that it is hardly worth expecting a renewal of the current low during the expected downward movement. However, to extract some profit, the situation is quite conducive.

In this regard, it is recommended to take a closer look at the possibility of concluding sales transactions at current market values.

Recommendations: Sales 1.2590, SL 1.2620, TP 1.2420.