GBP/USD. The development of the correctional wave [IV] will probably continue.

The cost of the British currency in relation to the dollar returned to the horizontal range, in which the price was traded for a rather long time. So far, this movement is considered as correctional.

then in the near future the price can resume the downward movement as part of the development of the wave [IV]. In such a situation, the conclusion of transactions for sale remains relevant, but it is necessary to update the current local minimum.

Investment idea: Sell 1.1895, Stop Loss 1.1915, Take Profit 1.1600.