The pound, just like the euro, is trying to respond to the dollar. So far, this does not look very convincing and looks more as a correction. However, if buyers can build on their success, then the resulting movement has every chance of turning into a third impulse wave.

In this situation, it is quite possible to take a risk and enter into buy deals at current market prices. Stop loss should be set at yesterday’s local minimum.

Investment idea: buy 1.3665, stop loss 1.3630, take profit 1.3900.