GBP/USD Is In Freefall

GBP/USD finally broke below the previous low at 1.4565, which was the last significant level of support on its way to 1.4250 and once that happened the pair went into a state of freefall. The bearish trend is very strong and in my opinion the pair will reach 1.4250 in the foreseeable future. Could it possibly fall lower than that? That too, I think, is also quite possible. Depending on what happens once the pair reaches 1.4250, we might see it reach 1.4000, or even 1.3800. Time will tell, but for the moment I intend to keep my short positions open.