Sterling against the US dollar or fell to around 1.2970; on the daily chart.
- the pound against the US dollar is currently performing WXY three wave rebound trend, Y wave up 100% target at 1.3167;
- Analysis hourly chart structure, exchange rate or abcde's five waves convergence.
- The structure realizes the Y wave, and the current wave has been turned on. The lower support sees near 1.2970.