British Pound Drop Below 2.0276 Negates Bullish Bias

Commentary: It is still possible that a double zigzag is unfolding from 1.9879 (in which case price will exceed 2.0494 before a reversal) but it is also possible that an intermediate term top is in place at 2.0494.

Bigger picture, everything from 2.0654 is part of a larger correction such as a triangle or a flat so a return to at least 2.0000 is likely in the next few weeks.

Strategy: Flat