Unlike the euro, the pound did not react to the sharp strengthening of the dollar in any way, only slightly pulling back from the previous values. Therefore, the previously discussed scenario remains relevant.

Growth is expected due to the formation of wave 3 of the emerging upward momentum. It is recommended to open buy trades in this situation on the breakdown of the local maximum, formed by yesterday’s price pullback.

Movement targets remain the same.

Recommendations: Buy 1.2195, SL 1.2170, TP 1.2550.