With GBPUSD breaking pass 1.39426, (an area acting as high level of support). The sterling seems like it is on track towards breaking its 2009 low. Right now I expect the pair to retrace back up to around 1.39200 before heading down lower to around 1.37800
Comment: Good time to short?
Comment: Sterling currently hovering above trendline. There's a possibility that it may go higher.
Comment: New Play