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It is still 70 or so pips away, but unless the price can move back below the 1.11805 level, that's where the pair is targeting next.
The GBPUSD up-and-down price range today is 47 pips which is much less than the 88 PIP average over the last 22 trading days.
The high to low trading range is only 47 pips.
The move from the high to the low took the pair down -369 pips in about 3 trading days.