The GBP/USD chart suggests a potential bullish continuation scenario with key support and resistance levels as follows:
Resistance Levels:
The 1st resistance level at 1.2777 is marked as a "Swing-high resistance". This level represents a potential barrier to further upward movement.
The 2nd resistance level at 1.2812 is also identified as a "Swing-high high resistance". It is another significant resistance zone that traders should pay attention to.
Support Levels:
The 1st support level at 1.2649 is characterized as a "Pullback support". This level may act as a support zone where price pullbacks or bounces could occur.
The 2nd support level at 1.2607 is labelled as a "Multi-swing-low support". It represents another important support zone where traders might consider entering long positions.