GBPUSD Price Analysis Expected Scenario The GBPUSD price rallied upwards in the previous sessions, confirming the breach of the 1.2700$ level and establishing a bullish wave on the intraday and short-term basis. This movement is supported by the positive effect of the double bottom pattern visible on the chart, with targets extending up to 1.2893$. Expectations point towards further rise in the upcoming sessions, backed by the EMA50. However, breaking below 1.2700$ may reverse the expected trend and lead to a decline. Expected Trading Range Between 1.2710$ support and 1.2870$ resistance.

Trend Forecast: Bullish