GBP/USD technical analysis next move possible

This chart is a 1-hour (1h) trading chart for the British Pound (GBP) against the U.S. Dollar (USD) on FXCM, published on TradingView. Here’s what it indicates:

1. Key Price Levels:

The current price is 1.26502, showing a slight decrease (-0.14%).

The purple box represents a resistance zone where the price has struggled to break higher.

A red horizontal line at 1.25084 marks a lower support level.



2. Technical Analysis:

The chart shows a potential bearish movement (price going down).

The blue arrows and patterns indicate a possible price rejection from the resistance zone, leading to a drop.

The short-term price action suggests