GBP/USD Broke above 1.4000

GBP/USD finally broke above the resistance at 1.4000 and continued moving to the upside. Although the pair bounced off the resistance at 1.4080 today, I think it’s very likely for it to test it again and possibly break above it, reaching the next resistance at 1.4120, which coincides with the (MA)89 on the four-hour time frame. That said, considering that the bearish trend is not over yet and so far there is no signal for a reversal, I think that this move to the upside is only temporary and once the correction ends the pair will once again continue falling.