I keep buying it at 148 ( three small profitable trades ). But I'm going to pass this time. People talking about it going as low as 140 next year. Personally I doubt it but I think lower targets may come into play now. 147.5 as you say is the next level of support under 148. Then we are looking at April's low of 146.30 which is where I'll start trading again.
GBPUSD Faces Downside Pressure On Recovery Failure, page-2
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