Until now it is not possible for the price to go down. The pound managed to reflect the wave of dollar strengthening and now it is unlikely to give up just like that, therefore, in the near future we will probably expect at least a corrective sideways trend, as soon as the price will rise.

So far, the situation is not entirely clear, therefore, it is not recommended to consider this trading instrument for trading. Consequently, it is worth remaining an outside observer until the emerging wave pattern becomes clear.

Investment idea: flat.