if the price is stuck firmly above support 1.56284-1.56498 and confirmed buy signal appears there is a chance the price will return to the bullish movement further towards next resistance in the range of 1.57155.
Instead pay attention and be aware if sterling weakened against the dollar and support 1.56284 penetrated then there is likely price will move down towards the next support at 1.55814 range, as the stochastic indicator conditions that potentially will move bearish.
Instead pay attention and be aware if sterling weakened against the dollar and support 1.56284 penetrated then there is likely price will move down towards the next support at 1.55814 range, as the stochastic indicator conditions that potentially will move bearish.