GBPUSD Price Analysis Expected Scenario The GBPUSD price continues to fluctuate near 1.2600$ barrier, waiting to resume the bearish wave that targets 1.2580$ as the next station. Breaking below 1.2580$ will likely lead to additional bearish correction with the next target at 1.2480$. Holding below 1.2700$ is a major condition for the continuation of the expected decline. Breaching it would signal potential price recovery and an attempt to regain the main bullish trend. Expected Trading Range Between 1.2550$ support and 1.2700$ resistance.

Trend Forecast: Bearish