The pound, like the euro, could not resist the onslaught of the dollar and updated the local minimum. However, unlike the euro, the downward movement was not so strong. The sellers are unlikely to rest on this, there is a small potential for further decline within the formation of the expected wave y of [2].

Then it is worth staying out of the market and waiting for the completion of the corrective decline. The optimal level for entry into buy trades is indicated by the dotted horizontal line. The distance to this value is quite large, but the potential of the expected upward movement is significant.

Recommendations: Buy 1.2740, SL 1.2715, TP 1.3200.