GBPUSD Faces Resistance at 1.2770, Upside Potential

GBPUSD is currently facing a resistance level at 1.2770. If the price manages to break above this level, it could trigger a further upside move towards the 1.2827 resistance level. A breakout above 1.2827 might lead to a potential target around the 1.2950 area.

On the downside, immediate support is located at 1.2673. If the price breaks below this level, it could bring the price back to test the 1.2610 support. A breakdown below 1.2610 might open the door for further downside movement with the target at the bottom of the rising price channel on the 4-hour chart.