GBP/USD Is Falling

GBP/USD reached the resistance at 1.4670 but could not break above that level. The pair formed a doji candlestick on the daily time-frame and started moving to the downside. The fundamentals today only served to push it further down and we can probably expect a further move to the downside towards the next level of support at 1.4420, which coincides with the (MA)89 on the four-hour filter chart. A breakout below that support would indicate that the pair will continue falling towards 1.4340. The question is whether this is the end of the correction or just a temporary setback before the pair continues climbing.