The GBP/USD chart exhibits a bullish trend, indicating the possibility of continued upward movement towards the 1st resistance level. Support is found at the 1st support level of 1.2847 and the 2nd support level at 1.2686, both aligned with Fibonacci retracement levels.
However, there are notable obstacles on the upside, with the 1st resistance level at 1.2999 and the 2nd resistance level at 1.3143 posing significant barriers to further upward momentum.