GBPUSD Daily Forecast: April 03

GBPUSD Forecast
The GBPUSD was indecisive yesterday. Price attempted to push higher, retest the neckline of the “head and shoulders” formation as you can see on my H4 chart below but closed lower at 1.4043. This fact keeps the H&S bearish scenario remains intact but we still need a break below 1.4010 to send the pair to the downside testing 1.3950 or lower. On the upside, a clear break back above 1.4075 would invalidate the H&S formation testing 1.4150 area. My major bullish outlook remains valid but need a clear break above 1.4275 to resume the major bullish trend.