GBP/USD has continued to fall during the current trading week and after very negative UK Manufacturing PMI report currency pair dropped for about 150 pips and closed on Friday at 1.5037.
It's seen on hourly graph that after huge down movement which took place on Friday Stochastic Oscillator turned up demonstrating possible up movement. But it can be only considered as correction signal.
It's also important to know that currency pair crossed support area close to 1.5090 which was a real barrier for bears.
Investors now can expect short-term uptrend to 1.5070-1.5090 and continue of downtrend again to 1.4900.