I think that until the Carney speech passes on , volatility will remain. Therefore in my opinion it can go both ways , for now market is expecting that carney confirms rate hike, howver on the other hand Brexit could spoil the party and in case he mentions uncertainty , the market could send GBP down.
GBP will move well enough on friday after NFP. Tomorrow the possibility of this ranging is pretty high , considering it's the day before NFP ...There is high chance that GBPUSD will make higher high than last low at 1.322 level today
Because of Brexit, 1.30 was broken through . When touching these levels earlier this week and last week it was quickly rejected.Therefore in my opinion even with todays data Selling now, is still risky.
GBP/USD is testing the support at 1.3070 and a breakout below that level should lead to a further drop to the last low at 1.3020. Let's see, however, whether it will be able to break out below that support too.