For the pair under consideration, the situation is not as unambiguous as for the euro/dollar, although it is unlikely that we will see a fundamental difference in the further price movement. There was also a rapid attack of sellers, but the British currency rate did not sag so much and was exactly at the support level.

A signal to start active actions will be a breakout of the specified level. A decline is expected within the development of the correction, inasmuch as a quite long upward impulse with the final diagonal as wave v ended earlier.

Investment idea: sell 1.4080, stop loss 1.4110, take profit 1.3650.