GBPUSD Daily Forecast: April 06

GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday slipped below 1.4010 support area after failed to break above the neckline of the H&S formation as you can see on my H4 chart below. The bias is bearish in nearest term testing 1.3950 – 1.3900 region. Immediate resistance is seen around 1.4030. A clear break above that area could lead price to neutral zone in nearest term testing 1.4075 – 1.4100 area. My major bullish outlook remains intact but need a clear break above 1.4250/75 key resistance to end the current bearish consolidation phase and resume the major bullish trend.