If you carefully look at DXY(www.tradingview.com/x/emMLwpf2/) in the chart you will see that price is heading for another unstoppable bull run this week. Investors and traders alike have lost interest in the pound and other currency, hailing safe haven currencies. This is obviously due to the uncertainties currently on going(Ukraine - Russia), energy crisis and the likes. I see further downsides expected this week for the pound sterling.
Trade closed: stop reached:
Stop hit although the setup hasn't been invalidated yet.