Under Pressure
Our Pivot: 1.3975
Our Preference: Short sell below 1.3940 with strict stop loss of 1.3975 and profit target at 1.3900 with extension towards 1.3875.
Alternate Scenario: Upward penetration of 1.3975 will call for 1.4010.
NOTE: GBP is moving downward for correction of its previous bullish rally.
Chart with supports & resistances:
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