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GBPUSD – bears extend and probe again through 1.40 pivot

Bear-leg from 1.4277 (double bullish rejection) extends for the second day and probes again through pivotal 1.40 support (Fibo 38.2% of 1.3457/1.4344 upleg / psychological support).
Near-term bears are supported by south heading daily RSI / slow stochastic / momentum and setting scope for firm break below 1.40 handle, which would generate strong bearish signal for deeper correction.
Broken 10SMA (1.4132) caps today’s action and is expected to limit extended consolidation if the pair shows stronger hesitation at 1.40 support.

Res: 1.4100; 1.4132; 1.4166; 1.4200
Sup: 1.4000; 1.3979; 1.3939; 1.3901