The British pound continued to rise and managed to close in this positive momentum for the fifth trading day in a row. However, this growth is still seen as a part of the corrective wave iv, so we will probably see a reversal movement soon, but not as brisk as the observed growth so far.

On this intra-correctional decline one can also try to make a profit, so it is worth considering a sell trade as early as today. However, do not forget that the movement is expected to be short-lived, which means that only small targets should be set.

Recommendations: Sell 1.1315, SL 1.1335, TP 1.1100.