No, that was with the fuse out. I didn't realize it was possible to check it with the fuse in place. Give me a few minutes, I'll check it again with it in.
ETA: Okay, the fuse is good. It measures ~10 volts on either side of the fuse. So the horn is the next suspect, correct?
Seems like it. There's power on the wire, so the next likely suspect is the horn itself, the wiring to it (maybe the lead is just detached), or the relay.
Also - 10V is low. I don't know if it's low enough to not actuate the horn, but it's not what it should be (>12V). Maybe someone else can chime in with what minimum voltage the horn requires.
When you have a moment, take these two measurements immediately after each other, without changing anything on the bike/battery/charger:
- Voltage at the fuse, as you did before
- Voltage as measured between the battery + terminal (with the red probe) and the ground on the transmission (black probe). If your bike is set up in the normal way, the + terminal will be right there above the transmission ground.
What you're looking for is the difference between the two measurements. If your battery is 12-13V, but you're only reading 10V at the fuse, you have a significant voltage drop somewhere along the way. (i.e. increased resistance from dirty connectors, dirty grounds, wimpy OEM ground cable, etc., all of which impedes the flow of current from the battery to wherever you want it.)