We showed the 240 minute bars yesterday but today we are zooming in for timing purposes. There is no change to the bearish bias as long as price is below 2.0191. Near term, we see two possibilities.
Price either continues to drop with 1.9898 remaining intact or the GBPUSD exceeds 1.9898 and tests close to 1.9960 (confluence of the 50% of 2.0191-1.9728 and former congestion) before the decline resumes. Both counts are bearish going into next week and beyond. The second scenario just delays the drop.