Resistance: 1.5782 moderate/1.5879 minor/1.6036 minor

Support: 1.5625 strong/1.5528 moderate/1.5371 minor

Overall bias in GBPUSD is bullish with the Bullish Harami just above a strong support level. Though a low level bullish reversal candlestick pattern, given the strong support consider taking a buy with 1.5782 as the immediate target, possibly further on to 1.5879. A stop loss should be placed below 1.5625, the Pivot Point. The prudent course of action is to look for a confirming big white candlestick first before buying.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices