GBPUSD appears to be rebuilding a bull flag after reacting at the 1.6300 and the R6 resistance. The initial target for the next move down is the 1.6053 area which is the 0.382 fib retracement. When can see consolidation occurred here the last time so expet stalling here as opposed to a strong bounce. A break of the .382 however, targets the 1.5973 (.500 fibo). Next upper target is the resistance at 1.6449 which whould be in the sigts in the next day or so.