The situation with the pair developed during the day according to the previously considered scenario. The British currency continued to rise, and this trend may persist in the near future. This is due to the formation of wave 3 of the upward impulse, which, apparently, is also extending.
Local targets for this wave are likely to be reached soon, so it’s not advisable to consider the current situation for buying opportunities. Further, a correction is expected, which will lead to a pullback and trading within a certain price range.
Therefore, it is recommended to wait for the completion of this correction and then look for opportunities to enter buy positions.
Investment idea: flat.
Origin: FreshForex
