GBP/USD falls to a low of 1.2860 while EUR/GBP touches a high of 0.9017
Down under 1.2900 for cable and the slippery slope continues. The trendline channel remains intact still and there isn't anything in the charts or in the fundamental picture to argue otherwise. As mentioned earlier, as long as the succession of lower highs and lower lows is in place then there is no reason why things should change.
The downtrend channel support is seen around 1.2850 so that will be an area to look at for any near-term support for the time being.
Otherwise, it'd be silly to stand on the tracks when the train is moving like this.
