The British pound refuses to depreciate against the American currency at all. His resistance led to a quick buyout of the promising wave. Probably, the price will grow a little more in the future. Only after that sellers will be ready to make another attempt to push the pound rate below the price minimum to implement a correction in the form of a zigzag.

Consequently, it is recommended to stay out of the market, or to start cautious selling at the minimum volume.

Investment idea: sell 1.3890, stop loss 1.3920, take profit 1.3750.