The pound, like the euro, cannot continue to grow actively yet. The price soared sharply and slowly crawled downward, pulling back about 50% of the previous surge in buying activity. For now, this decline is considered as a correction, which means that the pair is expected to resume growth in the future, during which not only the current but also the maximum of wave 1 will be updated.

In this case, it is worth entering into buy trades at the breakdown of the value of 1.3880.

Investment idea: buy 1.3880, stop loss 1.3850, take profit 1.4000.