According to the analysis, this currency pair is now in correction. It is likely that the pound will immediately go up without a pullback to 1.255, since the 5th wave came out weak and bulls are predominant. On the daily chart, correction may have ended. At the bottom, I am waiting for a new 5th wave movement to understand which direction our pair will go globally.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.