The pound did not miss the opportunity to improve its position and made an attempt to strengthen. Buyers were fortunate as the price rose and slightly updated the local high. It seems that this currency pair is also attempting to develop an upward impulse, within which the third wave is forming.

If this is indeed the case, then we have a promising opportunity to enter buy positions at the current price levels, as the mentioned third wave is far from completion.

The unrealized potential of the upward movement looks quite compelling, making it advisable to consider entering buy trades at the current market levels.

Recommendations: Buy at 1.2280, SL at 1.2255, TP at 1.2600.