GBPUSD Price Analysis Expected Scenario The GBPUSD price provided new negative trades yesterday, as it approached our awaited target at 1.2385$, showing some slight bullish bias now, and it might head to test the key resistance 1.2480$ before turning back to decline again. Until now, the bearish trend scenario still dominates as long as the mentioned resistance remains intact, reminding you that breaking 1.2385$ will push the price towards 1.2265$ as the next main station. Expected Trading Range Between 1.2350$ support and 1.2500$ resistance.

Trend Forecast: Bearish