Cable now down 130 pips
The news about a Q1 Brexit shouldn't be a surprise, it's been widely rumored and hinted at for the past month.
Yet here we are with cable breaking below the August low in a 130 pip drive to 1.2844.
Greg highlighted some downside levels, including the post-Brexit low of 1.2791.
To me, it looks like some kind of brutal washout is in the offing.