Well Sterling has extended it's falls and is down 0.5% on the day. There is something brewing in the pound. Be warned and ready.

The daily chart shows price rejecting the 200EMA , but it may be well worth your time to drill down to the lower charts to find a closer level to define risk at.

To that end, keep your eye on the 1hr 50MA. If something is brewing, and it is starting to emerge that would offer a good near term risk point offering a good balance between risk and reward.