British Pound Decline Remains Corrective

The doji made on 4/18 along with divergent RSI on the daily gives scope to a reversal. Still, the decline from the top is corrective, which leaves GBPUSD open to another high. Coming under 1.9972 indicates that a deeper correction is taking place.

A measured objective for would be at 1.9921/24, which is the confluence of the 38.2% of 1.9589-2.0131 / 100% of 2.0131-1.9984 / 2.0068.