• Sterling declined sharply to hit 1-month low against the greenback on Wednesday, as the sterling stumbled again on Brexit fears . The pair lost over 160 pips so far, having been under strong selling pressure since the early European session opening.
   

• Currently the pair is trading around 1.4026 levels ,it is set to reach 1.3950 and 1.3900 levels in the short term
   
• To the upside, the strong resistance can be seen at 1.4119, a break above this level would expose the cable to next resistance level at 1.4148 levels.
   
• To the downside strong support can be seen at 1.4030, a break below at this level will open the door towards 1.4000 levels.
  
  Resistance levels: S1-1.4070, S2-1.4119, S3-1.4148
  
  Support levels: R1-1.4030, R2-1.4000,R3- 1.3974