GBP/USD: Another Move To The Downside?

GBP/USD reached the downward trendline at 1.5508, formed a spinning top under that level and bounced off the resistance visible on the daily filter chart. Next week we can probably expect a further move to the downside. I think it is quite likely for it to reach the support at 1.5400 and should it break below that level we can expect it to continue falling towards the support at 1.5330. If it does manage to break above the resistance at 1.5508 the pair will probably continue climbing towards the next resistance, which is around 1.5680.