EWS
Short

GBP/USD - Downside acceleration expected

FX:GBPUSD   British Pound/U.S. Dollar
The decline from 1.5930 could resemble a large ending diagonal , but the first part from 1.5930 to 1.5107 is more likely a leading diagonal and that could explain the downside acceleration we are starting to see. I'm look for a decline to 1.4166 as the next larger downside target.
Comment: The 1.4166 target was tested today. If we close below this support then more downside towards 1.3907 should be seen.
big target 1.4166..
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