Technical analysis:
GBP/USD has been trading downwards as I expected. The GBP is very close to first downside objective at 1.4000.
Trading recommendation:
Watch for selling opportunities on the rallies with the downside targets at 1.4000 and 1.3900.
Stochastic is showing negative reading with no evidence of reversal....
Additionally, there is the breakout of Bollinger contraction which is another confirmation for the downside movement.
