Under Pressure
Our Pivot: 1.3400
Our Preference: Short sell below 1.3365 with strict stop loss of 1.3400 and profit target at 1.3315 with extension towards 1.3280.
Alternate Scenario: Upward penetration of 1.3400 will call for 1.3425 and 1.3440.
NOTE: GBP is being capped by a strong resistant region and hourly momentum indicators are in bearish mode.
Chart with supports & resistances:
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