The pound, unlike the euro, could not provide a smooth corrective decline, giving all the initiative to the American currency. As a result, it led to a rather strong decline and the development of a deep pullback. Everything may be limited by this. Moreover, the situation on the euro is bullish.

Thus, we can assume that the British pound will make a successful growth attempt, which will lead to the renewal of the local maximum, as it is marked on the above chart.

In this regard, it is recommended to start cautious buying at the current market values.

Recommendations: Buy 1.2790, SL 1.2760, TP 1.2930.