GBPUSD Surges, Faces Resistance at 1.2490

A significant rebound was observed for the GBPUSD pair from the daily trend level. The 1.2490-1.2500 range emerges as the primary resistance zone. Above this, the 1.2550-1.2560 range, marked by short-term formation resistance and the 200-day moving average, becomes the next target. On the downside, the 1.2425 level acts as initial support. A daily close below 1.2390 could disrupt the bullish momentum, potentially pushing the price toward the daily trend support zone between 1.2300-1.2310.