The GBP/USD pair fell on Tuesday, clearing the support that we had seen previously. It now looks as if the British pound will continue to fall, but I think that the gap below at the 1.2050 level should be supportive. I believe that the 1.20 level underneath there should be the “floor”, and thus I think that the sellers are in control for a while. However, we should get the Article 50 soon, and as soon as we get that, the markets will probably see the absolute bottom of the downtrend for the pound overall.