GBPUSD Price Analysis The GBPUSD price found solid support at the 1.2580$ level, indicating some bullish bias. The price is approaching a retest of the broken neckline of the double top pattern visible on the chart. The EMA50 is exerting negative pressure on the price, supporting the chances of continuing the correctional bearish trend. The targets of this bearish trend extend to 1.2480$ after surpassing the previous level. The continuation of the bearish wave depends on the price stability below the 1.2700$ level. Breaching the 1.2700$ level could indicate a return to the main bullish track, targeting gains starting at 1.2800$. Expected Trading Range for Today:

Support: 1.2540$ Resistance: 1.2700$ Trend Forecast: Bearish