Pound fell sharply against the USD at the start of this month. We can see a new leg down from 1.5500 that has an impulsive qualities so pair is expected to remain bearish as this move should unfold in five waves. Currently we see price in pullback that can be wave 4 which may look for a top around 1.5250 neckline and channel resistance zone. That said, we expect more weakness towards 1.5000 psychological level this month.
GBP/USD, 4H