Under Pressure
Our Pivot: 1.4170
Our Preference: Short sell below 1.4140 with strict stop loss of 1.4170 and profit target at 1.4100 with extension towards 1.4075.
Alternate Scenario: Upward penetration of 1.4170 will call for 1.4200.
NOTE: GBP have given bearish breakout of its ascending wedge.
Chart with supports & resistances:
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