The pressure is high because the oil is cold and isn't flowing easy like it does when it's hot. The level is low because the thermostat hasn't opened to the front cooler and thus all the oil in the lines hasn't been "counted."*
Proper oil check procedure to check the stick when the engine is warmed up and RUNNING. A pain? yes, but gives the accurate reading.
*Someone can ring in with the proper techincal terms for this
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Rosewood 1983 911 SC Targa | Black 1990 944 S2 | White 1980 BMW R65 | Past: Crystal 1986 944 na
Guards Red is for the Unoriginal