GBP/USD May Bounce Off from 1.3240

GBP/USD has been rallying for over a week now and it has moved to the upside from 1.2950 to 1.3240 but the current move north may be at least temporarily over if we consider the clear hanging man candlestick that has formed at the aforementioned resistance at 1.3240 on the four-hour time-frame. If this signal proves valid, there could likely be a new move to the downside towards 1.3145 and a breakout below that support could lead to a further drop towards 1.3050, which is the (MA)89 indicator on the same four-hour time-frame. However, this movement could be interrupted by the various fundamentals coming later this week both from the UK and the USA.