Waiting for impulse growth

02.09.2021

The situation for the pair under consideration is still developing without substantial changes. The pound is trying to grow, and the dollar fights back with all its might, periodically pushing the British currency rate for a considerable distance, but every time there is a redemption and the price returns to local maximums.

Meanwhile, on the daily chart the formation of wave [iii] of v is still assumed, and soon a denouement in the form of confirmation or refutation of the proposed wave scenario should come.

Investment idea: buy 1.3810, stop loss 1.3780, take profit 1.4400.