GBP/USD. Reduced in the wave [II].

resting on the upper forming the alleged diagonal triangle The price has frozen. Based on this, a logical continuation of the development of events would be a decrease in the framework of the formation of correction. But the possible growth of the euro makes some doubts. In any case, confirmation is necessary.

can be a breakdown of the value of 1.1705. In this situation, it is worth considering the opportunity to make transactions for sale. It is assumed that the downward movement will be in the form of a simple zigzag.

Investment Idea: Sell 1.1705, Stop Loss 1.1725, Take Profit 1.1450.