FX.co ★ GBPUSD , H4 | Bullish continuation expected?

The GBP/USD chart displays bullish momentum as the price remains above a major ascending trend line, indicating potential upward movement.

There is a possibility of continued bullishness towards the first resistance level at 1.2467, supported by the 50% Fibonacci retracement.

Swing low supports are identified at 1.2376 and 1.2305, providing potential levels of price support.

Additionally, the second resistance level at 1.2536 is a multi-swing high resistance, adding to its importance as a potential resistance barrier.