Hope for a calm Brexit supported the British pound and the pair demonstrated a strong upward momentum during yesterday's trading session.
The dollar index, on the contrary, during yesterday's trading session fell below the 97.00 level.
After such a sharp growth, the pair stopped and we expect a correction followed by the drop in the price.
Approaching the level of 1.3290, the quotation began to decline and the technical indicators turned to the 4-hour chart.
We believe that the price will continue to decline for some time and may reach the levels of 1.3115 and 1.3080.
Therefore, we advise from the above levels to take long positions on the pair assuming that the price will return to the levels of 1.32 and 1.3260.
