Analysis of wave counting:

The decisions are taken at yesterday's meeting of the Bank of England, as well as the subsequent comments of its head M. Karni, were mixed with the market, which in turn led to the expected drop in the price of the GBP / USD pair by more than 150 percentage points from the maximum of the European session. It can be assumed that as a result of such a dynamic decline, the currency pair has already formed the 4th wave, in the 3rd, 3rd, 5th, 3rd, or C. If this is the case, then practically from the minimum of the past day, the currency pair can resume the growth of quotations to the level of the 33rd figure and thus mark the beginning of the 5th wave, in the 3rd, 3rd, 5th, 3rd, or C.

Objectives for a downward wave option:

1.3083 - 61.8% by Fibonacci

1.2900 - 1.3000

Objectives for an upward wave option:

1.3252 - 100.0% by Fibonacci

1.3300

General conclusions and trading recommendations:

The British currency has undergone making adjustments to wave counting. At the moment, the quotations are expected to increase within wave 3, 5, 3 or C, with targets around 1.3252, which corresponds to 100.0% of Fibonacci, and above about 33 figures. The upward corridor preserves the prospects for building an uptrend section of the trend. The correction wave 4 can already be completed.