During the past trading day, the pound made an attempt to somehow change the situation in its favor and take the initiative into its own hands. It did not work out well, the price barely grew, in fact, remaining at the same values as before.

In the future, perhaps another attempt will be made, which will lead to more tangible gains, so that we can talk about the formed corrective wave 2. Otherwise, the price will fall down and having updated the current local minimum will start gaining speed, forming a descending impulse structure.

In this regard, we should be ready to sell on updating the current local minimum.

Recommendations: Sell 1.2610, SL 1.2635, TP 1.2320.