gbpusd currently facing resistance at 1.1465 & support at the new low it made at 1.1405. so if price continues to respect 1.1465 as its resistance and makes a breakout of the recent low then it could continue to push down creating lower low.
However if price finds support and makes a breakout f the resistance at 1.1466 with bullish move then price might go for some retracements all the way to retest 1.1520 & also make a retest at the htf downtrendline.
However if price finds support and makes a breakout f the resistance at 1.1466 with bullish move then price might go for some retracements all the way to retest 1.1520 & also make a retest at the htf downtrendline.