Does GBPUSD have more room to drop?

After a speedy recovery from the Lows of the Pandemic, it appears we had built up liquidity during that bullish push.
As we can see price has be correcting and creating new lows.
The grey box at the extreme low is our demand zone, and I personally feel like we could continue to see a push down towards this level.

Would love to hear your thoughts, let us know where you think GBPUSD could go.