GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity after consolidating above the 1.2480$ level, heading towards a potential test of the 1.2580$ level. We suggest the continuation of the bullish bias on the intraday basis to surpass this level and achieve additional gains up to 1.2700$. The EMA50 supports the suggested bullish wave. However, breaking below...

GBPUSD Price Analysis Expected Scenario The GBPUSD price managed to touch our waited target at 1.2480$ and presses negatively on it, moving below the EMA50 to fall under negative pressure that supports the chances of breaking the mentioned level and pave the way to achieve more decline in the upcoming sessions, reminding you that the next station reaches 1.2385$. Therefore,...

GBPUSD Price Analysis The GBPUSD price continued to rise, reaching a few pips away from our awaited target at 1.2580$. However, the price now shows bearish rebound signals, suggesting a decline in the upcoming sessions and heading to visit 1.2480$ mainly. Therefore, a bearish trend will be expected for today, supported by the RSI negativity. Note that breaching 1.2580$ will...

GBPUSD Price Analysis The GBPUSD price resumes the rise to approach the awaited target at 1.2580$. The potential exists to surpass this level and achieve additional gains up to 1.2700$, supported by the EMA50. Breaching 1.2580$ would complete forming a positive pattern with targets exceeding 1.2700$ to reach 1.2820$ areas. We expect further rise in upcoming sessions unless the price...