As you can see in the chart, 1.40 is a strong resistance zone for Gbp/Usd
and bulls have not been able to take out this resistance.
So, Gbp/Usd will continue the downtrend and may drop to 1.38 also
The scenario is indicated in the chart. But, for now, a drop to 1.06 level is looking increasingly probable.
We need to see how this plays out.
For the short term, selling the pullbacks could be profitable for us.