The situation with the GBPUSD pair continues to develop according to the previously outlined plan. The price is slightly increasing, likely forming wave b of a simple zigzag. If this is indeed the case, there won’t be anything significantly important happening in the near term. The price will continue to gradually rise until it decides that wave b is sufficient.

Afterward, a directional impulse movement is expected to form the final wave of the considered zigzag. It is in this wave that trading opportunities may arise.

Until that point, it is recommended to stay out of the market and continue monitoring the situation from the sidelines.

Recommendation: Flat.