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 | 1.16282 | 1.16317 | 1.16362 | 1.16256 |
| USDJPY | 159.899 | 159.952 | 159.966 | 159.827 |
| GBPUSD | 1.34569 | 1.34731 | 1.34779 | 1.34542 |
| USDCHF | 0.78664 | 0.78787 | 0.78872 | 0.78585 |
| EURCHF | 0.91522 | 0.91594 | 0.91656 | 0.91474 |
| EURJPY | 185.945 | 186.03 | 186.095 | 185.846 |
| GBPJPY | 215.236 | 215.487 | 215.529 | 215.159 |