The British pound remains under bearish pressure without making any efforts to change the situation in its favor. Eventually, this may lead to another renewal of the current local minimum. Thus, the development of the double zigzag, which is also the wave [2] in the expected upward impulse, is likely to be completed.

Be that as it may, the necessity to wait for the breakdown of the level marked on the chart by the horizontal red line, passing through the value of 1.2535, remains.

So far, this is the most clear and safe level for making buy trades.

Recommendations: Buy 1.2535, SL 1.2500, TP 1.3140.