The pound has not yet managed to reach the upper boundary of the channel, probably during today’s day this plan will be implemented. There is also a high probability of a false breakdown, during which the price sharply breaks through the level and promptly comes back and starts to decline.

So the expected wave x will finish and the decline in the wave y of [y] of (x) will start. In this connection it is recommended to keep earlier open buy trades in operation, to close them either near the upper border of the designated channel, or at a possible sharp removal outside the range. It is not recommended to open new positions yet.

Recommendations: flat.