The variant with the development of the initial diagonal triangle, apparently, turned out to be wrong. The pound, following the euro, is trying to improve its position against the dollar. Even though it is not very good, but at least it manages to hold the previously achieved positions.

Presumably, at the moment the formation of correction is underway, which is a zigzag shape and is wave 2 in the emerging downward momentum. The confirmation of this scenario is still the breakdown of the current local minimum marked on the chart.

Thus, in the current situation, it is recommended to stay out of trading positions and wait for the signal activation.

Recommendations: flat.