GBPUSD broke below 1.9647 support and reached as low as 1.9521 level. Deeper decline to test 1.9337 (Jan 22 low) is now in favor, and break down below this level signal further fall towards 1.9000 level. Initial resistance is at 1.9647 and followed by 1.9800 level.
For long term analysis, GBPUSD broke below 1.9647 key support and formed a cycle top at 2.0158 on weekly chart. The fall from 2.0158 is now treated as resumption of long term down trend. Further fall towards 1.9000 is in favor.
