FX.co ★ GBP/USD H4 | Neutral bias

The GBP/USD chart is currently displaying a neutral momentum and the price could potentially fluctuate between the 1st support and the 1st resistance.

Resistance Levels:

The 1st resistance at 1.2781 is categorized as a "Multi-swing-high Resistance", indicating its potential to deter upward price movements. Additionally, the 2nd resistance at 1.2872 is categorized as a "Pullback Resistance", emphasizing its role as a substantial barrier to further advances.

Support Levels:

On the support side, the 1st support at 1.2612 is recognized as an "Overlap Support". This level suggests a zone where buying interest may emerge, potentially providing support to the price. Furthermore, the 2nd support at 1.2502 is also characterized by a "Swing-low Support", reinforcing its significance as a substantial support zone.