In order to understand the emerging situation it is necessary to consider the situation from several timeframes. Let's start with the weekly chart, where changes occur very slowly. So, here the situation at the moment...

Contrary to expectations of decrease in the final wave of correction taking the form of a zigzag, the price rushed upwards again, closely approaching the maximum. Probably, the dollar will try to break this peak...

The pound is preparing to launch another attack to strengthen its position. The result is likely to be positive. So, in the near future we will see the growth and renewal of the current local...

The buyers have not been able to develop their success so far. The price went down again and returned to the range of the previously formed sidewall. From here the price may try to rise...

However it is unlikely that in the near future we should expect a continuation of the pair's decline. Most likely, the growth will start from the current values, back to the values from which the...