The situation for this pair is still considered within the expectations. The exchange rate of the British currency was declining, but sellers failed to gain good speed. Opponents took advantage of the indecision and returned the pound rate to the initial level.

At the moment, this upward movement appears as a correction. Consequently, the pair is expected to resume declining in an impulse style in the near future. Since the formation of the final diagonal triangle was completed earlier, the downward movement is assumed to be quite strong.

Thereby, a trading recommendation may have the following parameters: sell 1.3450, stop loss 1.3480. take profit 1.3300.