Under Pressure
Our Pivot: 1.3820
Our Preference: Short sell below 1.3780 with strict stop loss of 1.3820 and profit target at 1.3720 with extension towards 1.3675.
Alternate Scenario: Upward penetration of 1.3820 will call for 1.3870.
NOTE: GBP is moving in a bearish price channel.
Chart with supports & resistances:
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