I would watch the 50% level to see if this is another 50% retrace and then short. If it breaks through the 50% it should reach the 61.8% at which I'll take profits off the table as my buy stop is above the 50% level. If this is a shallow retracement then we can expect it to go down further yet again.
Trade active:
my idea on where gbpusd will be in a week or so