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Are you prepared for a 'fierce' drop in GBPUSD?

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September 02, 2015 7 days, britain, cable, cable dollar, cable uk, cable us, content, currencies, currency, currency cross, currency market, currency markets, currency pair, currency pairs, currency strategy, currency trade, currency trading, currency trends, currency war, currencywar, forex, forex markets, forex trading, fx, fx crosses, fx forex, fx investing, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx trading, fx volatility, gbp, gbp trading, gbp usd, gbpeur, gbpusd, great britain, jobs, markets, nfp, non farm payrolls, nonfarm, nonfarmpayrolls, pmi, portugal, pound, pound dollar, pound sterling, pound strength, pound weak, saxo tv, seven days, seven days ahead, tradingfloor.com, tv, uk, uk economy, united kingdom, video, video content, video news
Sterling's fall from grace this week has been dramatic. Some disappointing UK data and strong USD momentum led to GBPUSD hitting a three-month low on Wednesday. Technical analysis of cable's prospects indicates a fascinating glimpse of a future when sterling hits multi-year lows and flirts with parity.  
That analysis has been carried out by Mark Sturdy, the founder and CEO of Seven Days Ahead. He says that although GBPUSD has been trading generally in a range for some years, if we break a continuation triangle, we could see what he calls a 'fierce' move downwards.