GBPUSD Rebounds and Breaks Resistance: A likely Rise in the Horizon

After briefly falling below the 1.2610 support level, GBPUSD managed a comeback from 1.2596, breaking above the 1.2680 resistance, pointing to a possible rise.

A further ascent is anticipated in the days ahead and the next target is set at 1.2785 resistance level. A victorious break beyond this level may drive the price to test the 1.2827 resistance. Shooting past this point could aim for the coveted 1.2900 zone.

Keep a close watch on our newly turned support level at 1.2596. A slip below this level might pave the way for another decline to test the 1.2500 support.