GBPUSD pair dropped sharply and is trading below Linear Regression Indicator 34 and 55, in addition to 88.6% correction of the bullish wave that started from 1.4814 reaching the top 1.7188.
In fact, trading below 1.5085 is negative but the pair will meet today the support of the descending channel around 1.4960 - 1.4940 becasue Risk/Reward Ratios are inappropriate at these levels. Hence, we prefer to remain neutral intraday waiting for new confirmation signals.