For the pound/dollar pair, leaning on the side of the bears will be it for me, at least, till the price goes above the 1.2390/1.2400 region, in which case the price could head towards the round mark of 1.2500.
Of course, USDJPY price dynamics seem set to capture the levels above 140.00. Buying the pair is the best thing to do now. I will be buying the dips.