Pulling into the next station..
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.