GBP/USD Might Start Falling

GBP/USD has been moving to the upside for quite a while now and the pair reached a high at 1.3266, almost reaching the (MA)89 indicator on the weekly time-frame at 1.3320 before bouncing off from the aforementioned high and forming a clear shooting star candlestick on the same weekly time-frame. Such a candlestick, especially in combination with the hanging man candlestick that followed on the same time-frame is a good signal for an impending move to the downside. Should that occur the first target will likely be around 1.2880, which is the (MA)89 indicator on the daily time-frame. A breakout below that support will probably lead to a further drop towards 1.2700.