FX.co ★ GBPUSD, H4 | React off resistance?

The GBP/USD chart currently demonstrates a bullish momentum, although a bearish reaction off the 1st resistance at 1.3143, a multi-swing high resistance level, could lead the price to drop towards the 1st support level at 1.2999. This level acts as a pullback support, indicating possible buying interest. Further down, the 2nd support level at 1.2847 offers another pullback support, suggesting additional potential buyer interest. Conversely, if the price ascends, it might face selling pressure at the 2nd resistance level at 1.3276, an overlap resistance, which could lead to a price reversal.