GBP/USD (Daily Chart) - Brexit Woes Driving the Pound Down

With the bearish news surrounding the Pound, it is no surprise that it has broken down from the bearish descending triangle pattern, and has gone on to hit new lows.

The next support level is around 1.208, so I will be expecting prices to continue drifting down in the absence of no good news.

I am currently holding onto shorts for this.