Resistance: 1.5809 strong/1.5849 moderate/1.5914 minor
Support: 1.5744 moderate/ .5704 minor/1.5639 minor
Bearish Engulfing is just under the pivot point in GBPUSD Hourly charts, a moderate bearish pattern below a strong resistance. Given proximity to 1.5809, we can consider shorts under the said price with stops placed above the Pivot Point for a low risk-high reward trade. Immediate objective is 1.5744 then on to 1.5704 break of which gives us a run on the market.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices