GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3099 and hit 1.3087 earlier today in Asian session. Price broke below the “neckline” of the H&S formation as you can see on my H4 chart below confirms the bearish scenario. The bias is bearish in nearest term testing 1.3000 region. Immediate resistance is seen around 1.3125/50 region. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.

gbpusdh4

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