GBP/USD nailed new record low

During the last 12 months the GBP/USD plummeted with 16.20%. In June 2015 the pair fascinated the market participants reaching $1.57 and booked its highest level for this chapter. On Friday the sterling plunged to $1.34 seeing the shocking “leave” vote.
Albeit rather slowly, it was considered that this drift of the circumstances is already digested and new panic attack obsessed the market.
Today GBP/USD for shortly tested the $1.32 level, followed a breakthrough of $1.3226, Friday’s low and a fresh new low since September 1985 was pinned at $1.3119.
Technically speaking, as long as the pair is staying under $1.40, bears are mastering the trend.

    Chart GBP/USD H4