GBP/USD More Losses Ahead

We are at a critical turning point in the GBP/USD MACD is turning negative and the price is below the 100-day SMA and the 38.2 percent fibonaci retracement of the latest bear wave. [B]As long as we stay below 2.0030 at the end of the day, we could see a move down to 1.9800.[/B]