The pound continues to feel the pressure.

The pound continues to fall however the pair is approaching the trendline low of 1.1330. RSI currently reads 32.8 suggesting that another fall lower could cause the pound to fall into oversold territory creating a technical bounce or a buying opportunity. This is the lowest point the GBP/USD pair has been since 1985, so buying on dips within the trendline could work well as it's likely at some point in the future the pound will recover. Tough resistance sits at 1.1700 followed by 1.2000. The 1.1700 could create a good selling opportunity.