The GBP/USD chart has a bearish momentum, hinting at a potential move towards the 1st support at 1.2088. This support level aligns with an overlap support, making it significant. A 2nd support at 1.2044, also an overlap support, reinforces this potential support zone.
On the resistance side, the 1st resistance at 1.2176, a multi-swing high resistance, could hinder notable upward moves. Another resistance at 1.2224 acts as a pullback resistance.
