The situation with the trading pair in question continues to unfold within a wave scenario. The pound is attempting to gain good momentum in order to soar as high as possible. This is necessitated by the potential status of the current Wave 3. Third waves are typically the most extended and powerful. Given that we are at the very beginning of forming this wave, it is possible to enter at very good prices and obtain maximum potential profit.

Previously opened buy trades should be kept active, but it is also advisable to buy additionally at current market values.

Recommendations: Buy 1.2595, SL 1.2570, TP 1.3000.