British Pound Breaks Down

[B]Commentary[/B]: We continue to look for "a drop to at least 1.9989 (100% extension of 2.0654-2.0181/2.0462).

Potential support near this level is reinforced by the 61.8% of 1.9621-2.0654 at 2.0016." The break below 2.0279 instills confidence in the bearish outlook. [B]Strategy[/B]: Remain bearish, against 2.0462, target 2.0020