The British pound, like the euro, is unable to improve its position. An attempt was made to rise during yesterday’s trading session, but the enthusiasm quickly faded, and nothing significant happened. The sellers took over and will try to build on their success by pushing the price lower and updating the current local minimum.

This is likely to happen. However, a strong movement is unlikely to be expected. This activity may awaken dormant buyers, leading to increased activity and another attempt to rise.

Thus, after updating the current local minimum, it is worth trying to buy, aiming to capture the corrective upward movement at the very beginning of its development.

Recommendations: Buy 1.3000, SL 1.2975, TP 1.3180.