British Pound Coming Under Channel Support

Cable is breaking below trendline support and coming under 1.9864 would expose the 100% extension of 2.0131-1.9864 / 2.0071 at 1.9804. A decline much below there targets the 161.8% extension at 1.9639.

Similar to the EURUSD, daily oscillators are bearish (MACD crossover and declining RSI). An intraday reaction high at 1.9968 is initial resistance.