GBP/USD exhibits bearish momentum, targeting 1st support at 1.1825, significant with swing low support and 50% Fibonacci Retracement. Intermediate support at 1.2047 adds to potential support levels. Resistance levels include 1st resistance at 1.2313 (overlap and 23.60% Fibonacci Retracement) and 2nd resistance at 1.2474 (38.20% Fibonacci Retracement).
