Turning Down
Our Pivot: 1.3245
Our Preference: Short sell below 1.3230 with strict stop loss of 1.3245 and profit target at 1.3200 with extension towards 1.3180.
Alternate Scenario: Upward penetration of 1.3245 will call for 1.3260 and 1.3300.
NOTE: GBP is being capped by a strong resistant trend line at its 61.8% correction level and momentum indicators on hourly chart are changing their direction towards bearish side.
Chart with supports and Resistances:
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