The British Pound has reached the point we were waiting for. In recent analyzes, I showed two stops where it is worth observing the signal to be reflected. Currently, we are after the signal from yesterday evening in European time. Much depends on the data due for 8am EU time. If there is a rebound now, the further move may be just as intense and without major corrections, so that many investors will not see an opportunity to connect to the trend.
In case of going lower, I will observe the level shown in the image, around fibo 50. If there is a signal for a rebound, I am going to use it. However, if the price continues to go down with great intensity, I will probably wait for the market to calm down so as not to catch “falling knives”.