The GBPUSD is on a decisive upward march, stretching its positive streak from 1.2596 to a new high of 1.2774. At this stage, it is coming up against the resistance level of 1.2785.
A successful surge above the 1.2785 resistance might propel the pair to the upcoming resistance situated at 1.2827. Making it past this mark would then set sights on the 1.2900 region.
On the flip side, the immediate support level currently stands at 1.2647. A sink below this mark might pull the price down towards the next support level at 1.2596. A slump beyond this point could set the target for the 1.2500 area.