GBP/USD Is Rising

GBP/USD moved sharply to the upside today pushed by the fundamentals and after the pair formed a clear doji candlestick on the daily time-frame yesterday at the support at 1.3160. Currently the pair is testing the resistance at 1.3270 and the question is whether there will be a breakout above that level. If there is, the next obvious target is the (MA)89 indicator on the four-hour time-frame, which is at 1.3300. A breakout above that level in turn could lead to a further move to the upside towards 1.3450 or even towards 1.3600, which is the same indicator, but on the daily time-frame. On the other hand, if the pair continues falling and breaks out below the last low at 1.3100 there may be a new move to the downside towards 1.3000.