Sterling against the US dollar fell back to the 1.31 mark;
1)the pound against the US dollar once again encountered resistance near 1.3168, the price is rising from 1.2784, the 100% target of the rising Y wave. The exchange rate began to interpret the irregular WXY three waves from 1.2661.
2)on the hourly chart, the daily Y wave can be divided into ((a)) ((b)) ((c)) ((d)) ((e)) The five first-level sub-waves, the current sub-wave ((e)) operation is near the end, the exchange rate is constructing the top rising convergence wedge shape, and the exchange rate peaks more obvious;
3)if the exchange rate falls below the convergent wedge interval, the market outlook is expected to go down 1.31 mark.
