GBPUSD Price Analysis Forecasts and Analysis The GBPUSD price has found solid support at 1.2480$, resulting in temporary bullish bias. However, the EMA50 is exerting negative pressure, supporting expectations for the continuation of the bearish trend. The next target for the bearish trend is 1.2385$. We maintain our suggestion of an intraday bearish trend, with a note that breaching 1.2515$ will invalidate the expected decline and lead to a test of the key resistance at 1.2580$. Expected Trading Range The expected trading range for today is between 1.2400$ support and 1.2550$ resistance.

Trend Forecast: Bearish