=> The initial selloff from the vote in August formed a 5 wave correction which is underpinning this downtrend continuation.
=> The levels in play next are 1.257 - 1.244 ... anything below here will provide confirmation that we have opened the castle doors and are breaching the inside. Here we will once again add exposure to the downside with targets next in focus at 1.22.
=> Taking the lows is not really in play from a technical perspective so we will be needing to dig deeper on the macro (and political side in this case) ... more on this in our end of year posts and 2019 expectations.
=> Best of luck to those in the UK and trading cable.