What the euro has failed so far, the British pound has succeeded. Using the lower formation of the diverging horizontal triangle as a support, the price indicates its intentions to start growing in the near future.

This movement is expected within the formation of wave 5 of the same model. Also, together with this wave, the development of the whole upward corrective structure, namely the double zigzag, is likely to be completed.

In this regard, with a favorable outcome of price growth immediately after the update of the current high, it is recommended to start fixing the profit received.

Recommendations: Buy 1.2900, SL 1.2875, TP 1.3250.