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:

| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| EURUSD | 1.15392 | 1.154 | 1.15483 | 1.15329 |
| USDJPY | 160.367 | 160.376 | 160.425 | 160.299 |
| GBPUSD | 1.33745 | 1.33758 | 1.33904 | 1.33619 |
| USDCHF | 0.79886 | 0.79903 | 0.79969 | 0.79725 |
| EURCHF | 0.92182 | 0.92207 | 0.92226 | 0.92055 |
| EURJPY | 185.052 | 185.078 | 185.189 | 184.965 |
| GBPJPY | 214.48 | 214.513 | 214.71 | 214.303 |