GBPUSD Apr 22 to Apr 26 Outlook

Recap
As expected, cable moved back down to Y-1 first. Sadly, the bounce off Y-1 failed to push cable above the week high and led to one more flush back down to week low. Closed the week at week low and below Y-1.

Outlook
A not very well formed head and shoulder is in place visible in 4-hour chart. A break below B-1 with that turning into resistance points to a drop to at least B-3.