GBPUSD Analysis

GBPUSD Continues to sell off after completing a corrective 5-3-5 price structure. After the break of the constricting wedge pattern the cable has slid restlessly to the downside blowing past the 1.50 support level which was the start of the previous inverted head and shoulders pattern. Technical s suggest further downside as the cable continues to move in lock step with the euro to the downside.