GBP / USD: downtrend, the price moves in the drawn channel early for new sell. See more low peak and deeper bottom.
The short-term movement is an adjustment with growth potential to 1.5744. If the price crosses above 1.5556 will see insider bar and a likely increase to 1.57.
The price is below a moving average, which means only short positions. Suitable level for short position around 1.5744
If the price break through 1.5484 we will take a short position.
Indicators RSI and MACD are negative formation
The formation is negative until the price i below 1.5784