On a 4-hour graph the GBP/USD pair is continuing to move downside. The outlook is still bearish, since the pair formed the combination of candlestick Bearish Engulfing that indicates the downwards motion, which was confirmed further.
This combination of candlesticks emerged after the pair could not breakout the resistance level near 1.6085-1.6096, which means that the bulls did not manage to solidify here. Further the bears started to increase their influence.
The breakthrough of 1.5841 confirms this point of view. After a rollback the pair resumed the decline with the target to 1.5651.
However, in case the resistance level of 1.6096 is breached the short positions should be closed, as it will lead to advance to 1.6175.
