Under Pressure
Our Pivot: 1.4035
Our Preference: Short Sell below 1.3990 with strict stop loss of 1.4035 and profit target at 1.3945 with extension towards 1.3910.
Alternate Scenario: Upward penetration of 1.4035 will call for 1.4060 and 1.4089.
NOTE: GBP have given bearish breakout of its bullish price channel and right now its being capped by supportive trend line of previous channel.
Chart with supports & resistances:
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