GBPUSD Price Analysis Bearish Scenario The GBPUSD price opens todays trading with calm decline. Hinting heading to resume the correctional bearish trend for the upcoming period. Gradually approaches our first waited target at 1.2580$. Breaking this level will push the price towards 1.2480$ as a next target. The bearish trend depends on the completion of the double top pattern. Supported by the negative pressure formed by the EMA50. Continuation of the bearish wave conditions by the price stability below 1.2700$. Trading Range The expected trading range for today is between 1.2530$ support and 1.2690$ resistance.

Trend forecast: Bearish