Unlike the euro, the British pound decided not to get out of its balanced state, continuing to trade in the rhythm already established for itself. But this sideways trend cannot last forever. At some point the equilibrium will be broken and the price will move either up or down.

In our case, the scenario assumes a bearish scenario. It is conditioned by the formation of wave 3. This variant correlates well with the situation that is currently developing on EUR/USD.

In this regard, we continue to wait for the activation of the signal by the breakdown of the support level indicated on the chart.

Recommendations: Sell 1.2600, SL 1.2630, TP 1.2450.