The break below previous support at 1.32 amid a strong downtrend signals lower prices
Two possible scenarios after today's vote in UK parliament over Brexit A) former support at 1.32 is resistance and downtrend resumes toward 1.305 B) price closes back above 1.32 signalling a rangebound market and an eventual re-test of 1.347
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Scenario A) in play -- 1.32 held as resistance, GBP making fresh 7-month lows Next up: BOE
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Back over to scenario B) - looking at potential for big weekly reversal with false break below 1.32 and a close back above in a bullish signal
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Bearish trend in tact but hard to keep open positions because very choppy