GBPUSD Forecast
The GBPUSD didn’t make significant movement last week. The bias is neutral in nearest term probably with a little bullish bias. The H&S scenario remains valid, but price is now retesting the neckline of the H&S formation as you can see on my H4 chart below after failed to break below the EMA 200 support area. A clear break and consistent movement above 1.4100 would invalidate the H&S scenario testing 1.4200 area but key resistance remains at 1.4275 region which need to be clearly broken to the upside to potentially end the current bearish/consolidation phase and resume the major bullish trend. On the downside, we need a clear break below 1.4010 and the H4 EMA 200 to continue the bearish phase.

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