GBPUSD Price Analysis Expected Scenario The GBPUSD price tested the key support 1.2580$ and bounced bullishly from there, to settle around the EMA50, which keeps our positive overview valid for the upcoming period, reminding you that our first target is located at 1.2700$. Breaching the mentioned level will confirm regaining the main bullish trend and head to achieve additional gains...

GBPUSD Price Analysis Expected Scenario The GBPUSD pair shows some slight bullish bias in an attempt to resume the intraday bullish trend. There are no obstacles on the way to the first awaited positive target at 1.2700$, with a note that breaching this level will extend the bullish wave to reach 1.2800$ areas as the next main station. Therefore, we...

GBPUSD Pair Analysis Expected Scenario The GBPUSD pair tested the key resistance at 1.2580$ and bounced bearishly from there, indicating the continuation of the bearish trend for the upcoming period. The next negative target is the 50% Fibonacci correction level at 1.2480$. Moving below the EMA50 supports the continuation of the suggested bearish wave. Breaking the targeted level will extend...

GBPUSD Price Analysis Expected Scenario The GBPUSD pair ended yesterday with strong negativity, breaking the 1.2580$ level and closing the daily candlestick below it. This confirms the return of bearish correction domination and indicates a move towards achieving negative targets starting at 1.2480$ and extending to 1.2385$ after breaking the previous level. Expected Outcome We expect to witness more decline...