The pound also failed to resist pressure from the U.S. dollar, leading to a new low and the cancellation of the previously anticipated zigzag scenario. This movement now resembles a full-fledged downward impulse.

Following this, the price rebounded sharply, likely signaling the start of an upward impulse. If this is indeed the case, after a brief correction in the form of a zigzag, the price is expected to climb even higher. The growth is projected to occur as part of the formation of the third wave.

Opening buy positions in this situation is recommended upon the breakout of the local maximum.

Recommendations: Buy at 1.2575, SL 1.2550, TP 1.2815.