The pound, unlike the euro, is still coping quite well with the pressure of the dollar. The price has grown as expected, but it is a temporary phenomenon, which has a corrective nature. Probably, the formed zigzag is the second wave of the incipient impulse in wave [c] of (x).

Then in the near future we have an impulse decrease in the third wave. It is recommended to open sell trades in this case at breakdown of the value 1.1980.

The potential of decrease is about 270 pips, so it is worth to participate in this movement.

Recommendations: Sell 1.1980, SL 1.2010, TP 1.1735.