Under Pressure
Our Pivot: 1.3260
Our Preference: Short sell below 1.3240 with strict stop loss of 1.3260 and profit target at 1.3217 with extension towards 1.3200.
Alternate Scenario: Upward penetration of 1.3260 will call for 1.3285 and 1.3310.
NOTE: GBP have give bearish breakout of its bullish price channel in downward direction.
Chart with supports & resistances:
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