Will GBP/USD Move to the Upside?

GBP/USD was already falling before the FOMC rate decision announcement, but like with EUR/USD the fundamentals only pushed it further down and the pair eventually reached 1.4864. However, it found some support at that level and has yet to break below it. Considering the doji candlestick on the four-hour time-frame I think that next week we can expect a move to the upside before the pair once again attempts to break below the support. I think it will likely reach the resistance at 1.4950 and once that happens we’ll have to be on the lookout for any signals for a new move to the downside.