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GBP/USD Forecast: another attempt at hourly 200-MA likely

FX:GBPUSD   British Pound / U.S. Dollar
Despite Cable’s retreat from the high of 1.3293 on Friday on horrible UK preliminary PMI data, the subsequent failure to go below 1.3065 (last Wednesday’s low) and a daily closing on Friday above 1.31 handle suggests another attempt at 1.3215 (hourly 200-MA) could happen today.

On the lower side, a break below 1.3065 would suggest sell-off from 1.3293 has resumed but reckon the support at 13.30 would remain intact.
i think these little H&S style patterns are continuation patterns on the GBP pairs. I am waiting for a pull back on the EURGBP so if your H&S does work I'll be ready to Buy EUR around 0.8000
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