The pound, like the euro, failed to improve its position and strengthen. Instead, a reverse movement began, which is presumably part of a downward correction. There are also two possible corrective models for the pair considered: a flat and a zigzag. The form has no significant impact, so it is hardly worth focusing on this.

Going forward, there is a high probability of continued decline, although the potential is small and participation is not recommended.

In this regard, it is advisable to stay out of the market for this trading pair and observe the developments from the sidelines without making any trading decisions.

Recommendations: Flat.