FX.co ★ GBPUSD, H4 | Rising to 1st resistance level?

The GBP/USD chart is bullish. There's potential for the price to head towards the 1st resistance. The 1st support at 1.2709, significant as a multi-swing low, aligns with a 50% Fibonacci Retracement, while the 2nd support at 1.2610 is a swing low. The 1st resistance at 1.2787 is a swing high, and the 2nd resistance at 1.2872 is a multi-swing high. These elements point to a possible bullish progression towards the 1st resistance.