Based on Fib extension there is more downside to be seen. Price should continue testing the outer creating Lower Highs. Price has had some strong pressure to the upside due to the highlighted in GREEN. This is where institutions have placed long orders due to the cheap Sterling-USD. The first was created in August 2013 where price rallied-drop-rallied creating a strong DZ.
The second is where my Fib D extension target is. I am expecting price to hit 1.5260