The pound’s attempt to rise was not entirely successful. At the start of the trading week, the entire upward movement formed during the last trading day of the previous week was nullified, and the rate returned to the starting point of that rise.

However, the situation suggests that buyers will make another attempt to push the price higher. This is because the formation of the previous downward impulse is likely complete. The subsequent rise mentioned earlier is probably the beginning of a corrective movement. It is expected that this movement will eventually take the form of a zigzag, which would require another rise, a task that buyers are quite capable of.

Therefore, as growth is expected during the current trading day, it is recommended to consider entering buy positions.

Recommendations: Buy 1.2990, SL 1.2975, TP 1.3080.