Looking at a potential Bearish Bat pattern, with entries around 1.4029, stops and targets in the usual place as per rules. (Will always refer back to the rules!) It looks as though the Pound could be on a stair step downwards, maybe until we reach the 1.36 level. Though this is a much more medium to longer term thought! As of now, there is this potential opportunity to take advantage of!
If I haven't said it enough already, remember... This is not an endorsement to trade, this is just my (humble) opinion. Trade at your own risk!!