This pair has broken out the support of the bullish channel, as the price gets closer and closer to a previous resistance level which is now acting as a support level it is losing momentum. I think that the price would retrace to the 0.382 level on the Fibonacci retracement, this means that the price is going to return to the original neckline of the double top that was formed inside the bullish channel. After this retracement I believe the pound would start to once again fall in value. The RSI is also in a position of being oversold meaning that the RSI is also in favpur of a bullish retracement. I would keep everyone updated on anything I find in this currency pair.