GBPUSD Price Analysis Expected Scenario The GBPUSD price provided positive trades yesterday to approach the key resistance at 1.2580$, noticing that RSI loses the positive momentum clearly, waiting to assist to push the price to decline again and head to test 1.2480$ as a first negative target.

Therefore, we will continue to suggest the bearish trend for the upcoming period, and breaking the mentioned level will push the price towards 1.2385$ on the near-term basis, while the expected decline will remain valid unless breaching 1.2580$ and holding above it.

Expected Trading Range Between the support at 1.2465$ and the resistance at 1.2610$

Trend Forecast: Bearish