GBP/USD Is Moving To The Downside Again

GBP/USD reached the resistance at 1.5440 visible on the daily filter chart, formed a doji candlestick right under the resistance level and began moving to the downside again. I expect that the pair will continue falling for the time being and will not stop until it reaches the previous low at 1.5160 which also coincides with the support level visible on the weekly filter chart. The pair bounced off that support once already, but should it manage to break below it this time around we can probably expect a further considerable move to the downside.