GBPUSD Price Analysis Expected Scenario The GBPUSD price broke 1.2700$ level clearly and closed the daily candlestick below it, to activate the negative scenario and start bearish wave that targets visiting 1.2580$ as a next main station, supported by the negative pressure formed by the EMA50. Therefore, we are waiting for more expected decline in the upcoming sessions, noting that breaching 1.2700$ will stop the bearish trend and lead the price to start new recovery attempts. Expected Trading Range Between 1.2570$ support and 1.2720$ resistance.

Trend Forecast: Bearish