The pound did not allow sellers to develop their local success. The downside movement stopped at minimums, and then an upward wave formed, which, probably, is part of the momentum. In this case, the pair will continue to grow in the near future.

The potential for movement is about 300 points and this is only the third wave, the development of which is expected. Consequently, it is recommended to look closer at the possibility of opening buy deals at current market prices.

Investment idea: buy 1.3890, stop loss 1.3870, take profit 1.4150.