GBP/USD. The ascending impulse will continue its development.

price for the pair in question, as in the case of EUR/USD, the entire last trading day spent in a fairly small price range, probably forming a correction, which is a second wave of rising pulse.

then, in the near future, the price can resume upward movement. At the same time, the development of the third wave will begin, which immediately can update the maximum established by the wave [III]. It looks quite promising, so it is recommended to take a closer look at the possibility of concluding transactions for the purchase When updating the current local maximum.

Investment idea: Buy 1.2210, Stop Loss 1.2190, Take Profit 1.2550.