The British currency also failed to continue its triumphant ascent. Eventually, the price plummeted downward, forming something similar to an impulse, for the complete completion of which one corrective wave and one more driving wave is not enough.

Then we can consider that the lead-in impulse has been formed and it will be possible to look for opportunities on the correction to open sell deals. But it is possible to sell even now on the expectation of the development of the fifth wave of the observed as yet unformed lead impulse.

Investment idea: sell 1.4000, stop loss 1.4030, take profit 1.3900.