FX.co ★ Candlestick analysis of the GBP/USD for December 23

On a 4-hour graph the GBP/USD has continued its downside movement with target to 1.5300. At present, the GBP/USD is bouncing off 1.5355. Earlier the pair dropped strongly after it failed to break out the resistance level of 1.5900.
The viewpoint is still bearish as the pair formed the combination of candlesticks Bearish Engulfing which indicates the decline, confirmed further.
This combination of candlesticks developed after the currency pair could not break through the resistance level near 1.6085-1.6096, which means that the bulls did not solidify here, Further the bears started increasing their influence.
A breakthrough of 1.5841 means that this point of view is correct.