Technician
Short

GBPUSD Falling wedge downside breakout

FX:GBPUSD   British Pound / U.S. Dollar
Usually, falling wedge patterns are broken to the upside and signal bullish trend reversals. However, this time the GBPUSD has broken its falling edge to the downside, and that's usually followed by acceleration of the move. However, if you haven't shorted at the breakout you shouldn't chase the market, as the price is approaching a cluster of long term support levels outlined on chart. Instead, You could use the shorter time intervals for quick short entries in the direction of the trend.
If we get a break below 1.1900 further major downside will be very likely.
The more the Government talk up No Deal Brexit, the more it's going to fall...
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