Under Pressure
Our Pivot: 1.3836
Our Preference: Short sell below 1.3804 with strict stop loss of 1.3836 and profit target at 1.3765 with extension towards 1.3735.
Alternate Scenario: Upward penetration of 1.3836 will call for 1.3860.
NOTE: GBP have given bearish breakout of its hourly triangle.
Chart with supports & resistances:
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