Previous resistance became support,
then became resistance again,
after price action broke below horizontal support level at 1.1500
Falling wedge pattern,
along with RSI divergence,
price could go either way, depending on the type of breakout we get.
Price action is currently making a bearish move down.
Although bearish momentum is high due to high selling pressure,
the Pound currently in oversold conditions.
With RSI divergence, bullish reversal in price is expected in the short term.