GBPUSD Daily Forecast: April 04

GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday but keep making higher highs and lows since Monday and slipped above the neckline of the H&S formation as you can see on my H4 chart below. It might be too early to say that the H&S formation is no longer valid but we need a clear break below 1.4010 to confirm the bearish scenario. The bias is bullish in nearest term testing 1.4150 region. Immediate support is seen around 1.4050. A clear break below that area could lead price to neutral zone in nearest term testing 1.4010 key support.