GBP/USD shows potential for a bullish scenario, supported by key technical levels:
Support Levels:
1st support: 1.2697, identified as "Pullback support." This level suggests a potential area where buying interest may emerge.
2nd support: 1.2665, characterized by "An Overlap support." It reinforces the support zone, indicating another level of interest for buyers.
Resistance Levels:
1st resistance: 1.2767, marked as "Multi-swing high resistance." This level presents a significant barrier to further upward movement.
2nd resistance: 1.2813, supported by "Swing high resistance." It strengthens the resistance zone, indicating a point where selling pressure may intensify.