GBPUSD Price Analysis Expected Scenario The GBPUSD price settles above the 1.2480$ level, confirming the continuation of the bullish bias on the intraday basis. The initial target is set at 1.2580$, with the EMA50 supporting the price from below and reinforcing the chances of achieving more gains in the upcoming sessions. We suggest the continuation of the bullish bias conditioned by the price stability above 1.2480$. Breaking this level represents the key to resume the bearish track and head to visit 1.2385$ areas as a first negative station. Expected Trading Range Between the support at 1.2430$ and the resistance at 1.2590$.

Trend Forecast: Bullish