The British pound as well as the euro has suspended its upward movement gradually moving into the correction phase. In the near future, the price is likely to continue consolidation, trading in a certain price range.

In this situation, it is recommended to either close previously opened buy trades or move the protective stop loss closer to the current market value.

At the same time, the overall situation remains bullish, as the upward impulse is not yet complete. It is still developing the third lengthening wave. It is recommended to open additional buy trades in this situation on the breakdown of the correction forming at the moment.

Recommendations: flat.