Quote from Kastro_316:
Might suprise you, but I'm long GBP/USD 
Opened a long at the bottom of the recent drop, hoping for a little bounch back up. Stops are rather tight, but I think we will see it bounce back up before it heads down any further.
-Kastro
there has already been a small bounce back up.
If it do bounce back up, I think it will meet heavy resistance at 1.766. Even though If Im stopped out at 1.7644, Im sure I will cover it at the next position, where I will sell yet again at 1.766
Because if its going to rally down, as it looks like it will do, if you look at the trends from a weekly chart, it will probably bounce back up to shake off most traders before plummeting. However, if its going to bounce back up, it wont reach farer than 1.766.
Because there are only two outcomes that can unfold.
Either it will plummet down straight without a bounce up, which will be bigger than my stopp loss, and thus I will profit because I will sell again after it has bounced up.
Or it will bounce up to 1.766, and plummet down.