The pair in question, as well as EUR/USD, is set to make a good directional move downwards. The sluggish attempt of the pound to strengthen has failed and the price is approaching the lower boundary of the corrective range with a clear intention to overcome it.

The sellers will probably manage to sell the price below that level and gain a good momentum. This will continue the development of the triplet which is also a tie-break wave (x) in the higher timeframe.

Therefore, when the price passes 1.2355, it is advisable to start selling.

Recommendations: Sell 1.2355, SL 1.2380, TP 1.1800.