The pound, as well as the euro, has been growing too fast lately. It is unlikely that this growth is a part of the correction, especially since the local maximum has been almost reached. It is highly probable that we have an initial diagonal triangle, where the final wave 5 of [i] is developing.

In this case, in the near future the price will continue to rise and will try to reach the upper formation, after which the decline will start, caused by the formation of the corrective wave [ii].

In this regard, it is recommended to wait for the beginning of the decline after reaching the target and look for opportunities to make sell trades.

Recommendations: flat.