GBPUSD Forecast:

The GBPUSD failed to continue its bullish momentum yesterday. On h4 chart below we can see that price made a false breakout above the trendline resistance and violated the rising wedge formation to the downside indicating potential bearish view at least testing 1.6480 even 1.6400 area. Immediate resistance at 1.6600 and the trendline resistance area. Break above that area should cancel the bearish scenario and lead us into no trading zone as direction would become unclear for me. Eyes on US NFP and Unemployment rate numbers today.