The British currency is unlikely to surprise anything. In relations with the dollar the situation will develop in the same way as for the euro/dollar. And if there is a deep corrective decrease there, the price will go down here as well. The only difference will be the duration of the movement.

For the pair in question, perhaps, the formation of the upward correction, which took the form of a double zigzag, was completed. The beginning of the decline, apparently, will have an impulsive nature.

Thus, conclusion of sell deals looks the most promising trading decision.

Recommendations: Sell 1.2480, SL 1.2500, TP 1.1800.