Unlike the euro, the pound was growing steadily and it fell just short of renewing the local maximum. The pressure from the sellers turned out to be too strong, which eventually led to the beginning of the decline. Probably, wave 1, if it is a really incipient upward impulse, has already formed earlier. Then the currently observed decline is a continuation of the development of correctional wave 2.

Therefore, the continuation of decline of the pair is expected in the future.

Investment idea: sell 1.3820, stop loss 1.3840, take profit 1.3750.