This is counter trend movement so one need to be carefull with picking it up. I will wait if price decends to support level 1.54 and put a stop below next level.
seems like in previous trade mistake was too tight SL. De3cided to give it another try
am not 100% sure about this as the last move broke through the support (and knocked out my previous stoploss)... still may be a nice bounce opportunity as RSI indicated trend reversal and Elliott Wave pattern is present
Seems like the uptrend in GBPUSD is finally over and we're observing first leg of larger downtrend.