The pound, not surprisingly, was in full solidarity with the euro. We did not see any activity during the trading day. The price continues to calmly wander within a certain range, without making any attempts to get out of it. The reason for it, presumably, is the formation of the corrective wave 2 which is formed as a part of the [v] wave of the upward impulse.

In this regard, expectations of impulse growth due to formation of wave 3 of [v] remain. Breakdown of this level is still a signal to buy.

Recommendations: Buy 1.2440, SL 1.2420, TP 1.2700.