GBPUSD Price Analysis Expected Scenario The GBPUSD price continued its decline, breaking the 1.2700$ level decisively and closing below it last Friday. This action negates the previously suggested positive scenario and subjects the price to negative pressure in the upcoming sessions, targeting a visit to 1.2580$ as the next downside target. Therefore, a bearish bias is suggested for today, supported by the negative pressure exerted by the EMA50. Note that breaching 1.2700$ would initiate new recovery attempts and could establish a bullish wave with its initial target at 1.2800$. Expected Trading Range Between support at 1.2600$ and resistance at 1.2750$

Trend Forecast: Bearish