GBP/USD May Continue Falling

GBP/USD started moving to the downside after forming a rather spectacular shooting star candlestick on the daily time—frame at the resistance at 1.3655. Currently the pair has reached the support at 1.3375 which coincides with the (MA)89 indicator on the four-hour time-frame and it is testing it. Since the pair has actually formed a clear inverted hammer candlestick on the same time-frame right at that support, it may bounce off from it and retrace back up to the resistance 1.3470 at least. On the other hand, if there is a breakout below the aforementioned support level the pair could continue falling towards the next support level, which is likely around 1.3280.