FX.co ★ GBP/USD H4 I Bearish continuation expected?

Resistance Levels:

The 1st resistance at 1.25587 is characterized as "An Overlap resistance." This level represents a zone where selling pressure may emerge, potentially hindering further upward movement. Furthermore, the 2nd resistance level at 1.26116 is identified as "An Overlap resistance," reinforcing its role as a significant resistance zone due to its alignment with key technical levels.

Support Levels:

On the support side, the 1st support level at 1.24534 is labeled as "An Overlap support." This level suggests a potential area where buying interest may emerge, potentially preventing further downward movement. Complementing this, the 2nd support level at 1.23986 is characterized by "An Overlap support," indicating its potential to provide support to the price.