The GBP/USD chart currently indicates the potential for a bearish continuation towards the support levels.
Resistance Levels:
The 1st resistance level at 1.27630 is influenced by "Multi-swing high resistance," signifying a significant barrier to further upward price movement. Beyond that, the 2nd resistance at 1.28130 is characterized as "Swing high resistance," reinforcing its role as a substantial resistance zone.
Support Levels:
On the support side, the 1st support level at 1.26114 is marked as "An Overlap support," suggesting a zone where buying interest could emerge and potentially stall the bearish momentum. Additionally, the 2nd support level at 1.25114 is also supported by "An Overlap support," emphasizing its significance as a substantial support zone.
