The GBPUSD is continue to motor down the bearish tracks (after a correction yesterday - more on that in a second). The price is trading at new session lows and is chugging into the next station (i.e., target) betwween the 1.4000 and 1.40528. We are trading at the 1.4019 as I type. It is hard to stop a train, but the 1.4000 level will try. There have been a number of choppy swing lows/high from back in Feb/Mar/April that stalled at this area. There was also a breach which saw the pair move to the year and multi year low (goiing back to 2009). That move did not bottom until 1.3833. Choo choo. The actual low in April ... (full story)