The GBPUSD pair is seeing a gradual upward movement, steadily approaching the initial target of $1.2800. Analysts anticipate further gains, with the next significant resistance zone projected around $1.2890, reinforcing the current bullish trend in the near term.
Market indicators, particularly the Relative Strength Index (RSI), highlight some downward pressure affecting the pace of the bullish ascent. Observers suggest that a breach below $1.2700 could halt the anticipated uptrend, potentially redirecting the price towards a corrective bearish trajectory.
Trading projections indicate a range bound by support at $1.2700 and resistance at $1.2860, underscoring key levels to watch as market activity unfolds.