The pair in question continued to rise. The British currency against the dollar managed to overcome resistance levels and hit a new high for the current year. This is unlikely to be the end of it. The price is likely to continue to rise. This is due to the development of wave 3 of the ascending impulse.

In addition, the shape of wave 1, signals the prolonged nature of the upward movement. All because the specified wave formed in the form of an initial diagonal triangle, and this model is a good signal for a prolonged directional movement. In this regard, previously opened buy trades, it is recommended to keep in operation. It is also worth considering additional trades in the same direction.

Recommendations: Buy 1.2500, SL 1.2475, TP 1.2800.