The pound as well as the euro took advantage of this opportunity, having made quite a good breakthrough and strengthened against the US currency. The observed upward movement is probably due to the development of the third wave within the forming wave 3, i.e. we are dealing with the lengthening of the wave 3. This indicates that the impulse growth will continue its development.

In this regard, it is recommended to keep the previously opened buy trades in operation. You can also try to buy at the current market values. Targets for the movement lie at the level of 1.2700 and above.

Recommendations: Buy 1.2500, SL 1.2475, TP 1.2700.